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Spillage
In industrial production, spillage is the loss of production output due to production of a series of defective or unacceptable products which must be rejected. Spillage is an often costly event which occurs in manufacturing when a process degradation or failure occurs that is not immediately detected and corrected, and in which defective or reject product therefore continues to be produced for some extended period of time. Spillage results in costs due to lost production volume, excessive scrap, delayed delivery of product, and wastage of human and capital equipment resources. Minimization of the occurrence and duration of manufacturing spillage requires that closed-loop control and associated process monitoring and metrology functions be integrated into critical steps of the overall manufacturing process. The extent to which process control An industrial process control in continuous production processes is a discipline that uses industrial control systems to achieve a pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Production
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand. This makes industrial production an important tool for forecasting future GDP and economic performance. Industrial production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation . See also *Index of industrial production The Index of Industrial Production (IIP) is an Index (economics), index for India which details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. The all India IIP is a composite indicator that ... * Industrial Production Index References Economic data Secondary sector of the economy [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Feedback
Feedback occurs when outputs of a system are routed back as inputs as part of a chain of cause-and-effect that forms a circuit or loop. The system can then be said to ''feed back'' into itself. The notion of cause-and-effect has to be handled carefully when applied to feedback systems: History Self-regulating mechanisms have existed since antiquity, and the idea of feedback had started to enter economic theory in Britain by the 18th century, but it was not at that time recognized as a universal abstraction and so did not have a name. The first ever known artificial feedback device was a float valve, for maintaining water at a constant level, invented in 270 BC in Alexandria, Egypt. This device illustrated the principle of feedback: a low water level opens the valve, the rising water then provides feedback into the system, closing the valve when the required level is reached. This then reoccurs in a circular fashion as the water level fluctuates. Centrifugal governors were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Process Control
An industrial process control in continuous production processes is a discipline that uses industrial control systems to achieve a production level of consistency, economy and safety which could not be achieved purely by human manual control. It is implemented widely in industries such as automotive, mining, dredging, oil refining, pulp and paper manufacturing, chemical processing and power generating plants. There is a wide range of size, type and complexity, but it enables a small number of operators to manage complex processes to a high degree of consistency. The development of large industrial process control systems was instrumental in enabling the design of large high volume and complex processes, which could not be otherwise economically or safely operated. The applications can range from controlling the temperature and level of a single process vessel, to a complete chemical processing plant with several thousand control loops. History Early process control breakthrou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
