Mark P. Taylor

An uncomfortable observation in the Shift Logs and Process Control records of most aluminum smelting plants is that process control failures, large and small, happen every day. Although only a small fraction of these failures give rise to catastrophic events, the difference between a disaster we read about and a failure which, although expensive, has no irreversible consequences, is only chance. Control for Aluminum Production and Other Processing Industries exemplifies new control thinking fused with an understanding of process variability, and how to diagnose abnormalities and their causes in aluminum production plants. Many real life examples in the book demonstrate the importance of human behavior and a scientific, questioning approach in the control of a technologically complex process. Written from the perspective of production staff and management, the book also gives readers a view into the human aspects of accidents and their analogy with failures in control of production. Production plants regularly experience more control failures than successes and staff must continuously strive to establish stability and control of their process. Through on-the-job experiences of the authors and their industry colleagues, the control experiences described in this book provide readers with a foundation for building their own robust control rationale and a framework for avoidance of plant control problems.

An uncomfortable observation in the Shift Logs and Process Control records of most aluminum smelting plants is that process control failures, large and small, happen every day. Although only a small fraction of these failures give rise to catastrophic events, the difference between a disaster we read about and a failure which, although expensive, has no irreversible consequences, is only chance. Control for Aluminum Production and Other Processing Industries exemplifies new control thinking fused with an understanding of process variability, and how to diagnose abnormalities and their causes in aluminum production plants. Many real life examples in the book demonstrate the importance of human behavior and a scientific, questioning approach in the control of a technologically complex process. Written from the perspective of production staff and management, the book also gives readers a view into the human aspects of accidents and their analogy with failures in control of production. Production plants regularly experience more control failures than successes and staff must continuously strive to establish stability and control of their process. Through on-the-job experiences of the authors and their industry colleagues, the control experiences described in this book provide readers with a foundation for building their own robust control rationale and a framework for avoidance of plant control problems.

In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.