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2018 | OriginalPaper | Chapter

22. Principles of Selection of New Technology and Risk Assessment: A Case Study for the Selection of Ironmaking Process Technology

Authors : Y. Gordon, Y. Yaroshenko, N. Spirin

Published in: Advanced Methods and Technologies in Metallurgy in Russia

Publisher: Springer International Publishing

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Abstract

A methodology based on a two-stage approach was developed for process technology selection. The first stage includes evaluation of available technologies, followed by a short listing of the best technologies based on mass and energy-balance modeling, financial analysis, and risk analysis. The second stage involves detailed analysis using refined input data, mass, and energy-balance modeling, and capital and operating cost estimation, as well as a detailed financial analysis. A case study covering selection of ironmaking technologies for a company located in the Russian Federation is presented to illustrate the critical elements of the methodology developed and the analysis carried out.

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Literature
1.
go back to reference Gordon, Y., Freislich, M., & Brown, R. (2012). Selection of ironmaking technology for existing specific conditions of European part of Russian Federation. Proceedings of AISTech conference, Atlanta. Gordon, Y., Freislich, M., & Brown, R. (2012). Selection of ironmaking technology for existing specific conditions of European part of Russian Federation. Proceedings of AISTech conference, Atlanta.
2.
go back to reference Gordon, Y., Freislich, M., & Els, J. (2010). Ironmaking technology selection for site specific conditions. AISTech proceedings (Vol. 1), Pittsburgh, pp. 519–528. Gordon, Y., Freislich, M., & Els, J. (2010). Ironmaking technology selection for site specific conditions. AISTech proceedings (Vol. 1), Pittsburgh, pp. 519–528.
3.
go back to reference Gordon Y., & Howey, C. (2012). Implementation of new alternative ironmaking technologies: Experience and risk. Presented at the 17th CIS metals summit, Moscow. Gordon Y., & Howey, C. (2012). Implementation of new alternative ironmaking technologies: Experience and risk. Presented at the 17th CIS metals summit, Moscow.
4.
go back to reference Wheeler, F., Twigge-Molecey, C., & McLean, L. (1994). Managing the risk of implementing new technologies. Presented at the 36th mechanical working and steel processing conference, Baltimore. Wheeler, F., Twigge-Molecey, C., & McLean, L. (1994). Managing the risk of implementing new technologies. Presented at the 36th mechanical working and steel processing conference, Baltimore.
5.
go back to reference Gordon Y. (2015). Role of an engineering consultancy in the transformation of a technology idea to a working process plant. Proceedings of AISTech conference, Cleveland. Gordon Y. (2015). Role of an engineering consultancy in the transformation of a technology idea to a working process plant. Proceedings of AISTech conference, Cleveland.
Metadata
Title
Principles of Selection of New Technology and Risk Assessment: A Case Study for the Selection of Ironmaking Process Technology
Authors
Y. Gordon
Y. Yaroshenko
N. Spirin
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-66354-8_22

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