SYMBIOSIS THROUGH SIMULATION

The complex decision making process in the field of combined gas/steam power plant construction with its reliability-, availability-, and maintainability (RAM) risk cannot be handled adequately without simulation. We start on the technical level by defining a Petri-net representation of a combined gas/steam power plant. As a first result we get the distributions for the RAM relevant variables. We then take into account the different specifications in the sales contracts and define the corresponding financial distributions. With the help of these distributions, we are in a position to decide on risk adjusted journal entries, thus are able to generate the stable and meaningful contract related income or expense.

Only now we are ready for a fair performance measurement and correspondingly are able to build effective insentive systems for all involved acteurs of the decision process. A harmonized approach, integrating the views of RAM engineers, technicians, salesmen, insurance experts, traders, accountants, financial controllers, treasurers, top management, and shareholders is envisaged using the Symbiosis Through Simulation approach.