Shell, SimSci offer integrated product
InTech, Oct 1997
Houston, Texas-Shell Oil Co. plans to integrate its business planning and process control software with Simulation Sciences' (SimSci) ROMeo modeling platform to create an enterprise optimization system for process industry users.
The agreement calls for SimSci to acquire Profit, Shell's business planning software for a one-time payment of $1.5 million. SimSci will also make an initial $1 million payment for exclusive worldwide marketing rights and the right to purchase Shell's advanced multivariable process control tools.
Shell's tools include QDMC, a multivariable controller used online to overcome process disturbances, predict future performance, and determine the adjustments required to keep the process controlled within certain limits. Other tools include advanced design algorithms to improve the accuracy, implementation, and maintenance of multivariable controllers.
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