Nornickel, together with First Bit, has developed and implemented an information system based on AnyLogic
Customers: Norilsk Nickel, MMC (Norilsk Nickel) Contractors: First Bit Product: AnyLogicProject date: 2024/09 - 2025/03
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2025: AnyLogic-Based IP Implementation
MMC Norilsk Nickel, together with the integrator of effective IT solutions First Bit, has developed and implemented an information system on the AnyLogic simulation platform, which makes it possible to predict changes in the risks of EBITDA loss when postponing events or reducing maintenance and repair costs. This "First Bit" reported on April 2, 2025.
The ambitious project aims to assess the risks of financial losses and maintain a high level of EBITDA - earnings before interest, taxes and depreciation. The ability to model the future will help Nornickel to better plan equipment maintenance, confidently balancing the risks of downtime and excessive investments in production continuity.
The simulation project highlights the company's commitment to innovation and effective resource management.
The development of a simulation model covering the main Business Units of the Company allows the Company not only to predict changes in EBITDA depending on the condition of the equipment, but also to accurately assess potential financial risks. This significantly increases the level of awareness of management about the possible consequences of refusing to update outdated equipment, and also makes it possible to proactively plan investments in repairs and modernization for each stage of production, "said Roman Logachev, head of the simulation modeling department of the NFP project office of the integrator of effective IT solutions" First Bit. " |
Thanks to the implementation of the simulation system, Nornickel received a tool that allows it to calculate the risk of EBITDA loss when it refuses to perform measures to purchase equipment instead of worn out, overhauls, capital construction activities related to production continuity, as well as operational M&R measures.
The model allows you to clearly see what losses can result in equipment downtime.
Norilsk Nickel is confidently following the path of digital transformation. The new tools allow us to work more efficiently, respond in a timely manner to external economic and production challenges, balance costs and resources, controlling financial risks, "said Kirill Velin, Project Manager from Norilsk Nickel. |