Engineering Economics and Economic Design for Process Engineers (Hardcover)

Engineering Economics The Economic Side of Engineering The Engineer’s Role in Profit Creation Economic Viability Project Authorization Types of Projects Funding Investments, Revenues, Expenses, and Profit Economic Work After Funding Corporate Cash Flow Summary Problems and Exercises References Time Value of Money Cash Flow Diagrams Interest Present Worth, Future Worth, and Annuities Before- and After-Tax Considerations Inflation and Indices Summary Problems and Exercises Additional Topic: Compounding Other Than Annually Problems and Exercises Estimating Investments Capital Costs Defined Estimating Capital Estimating the Other Investments Summary Problems/Exercises Additional Topic: Types of Estimates References Estimating Production Cost Production Costs Defined Fixed and Variable Costs Estimating Methods Summary Problems and Exercises Additional Topic: Product Cost and General Expense Economic Evaluation Methods Evaluation Methods Other Methods Analysis of Risk Summary Problems and Exercises Additional Topics: Creating Guidelines for Rapid ROI Calculation What To Use Constant Dollars Or Actual Dollars Economic Design Economic Design: A Model Defining Economic Design The Economic Design Model Summary Reference Defining Objectives Why Define Objectives? What Do Good Objectives Look Like? An Example Project objectives How to Get Input from the Key Stakeholders (and Ensure it Is Correct) Summary Problems and Exercises References Creating Options: Flow Sheet Development. Design (or Project) Phases Flowsheet Development Summary Problems and Exercises Additional Topic: Types of Flowsheets Creating Options: Creating the List General Methods Process Development Methods Feasibility and Conceptual Engineering Summary Problems and Exercises References Option/Alternate Analysis Technical Feasibility Comes First Economic Analysis Methodology The Economics of Selecting Equipment The Economics of Plant Siting Summary Problems and Exercises Additional Topic: How to Decide Whether to Install Capacity for an Assumed Future Need References Economic Design Case Studies Optimal Cooling Water Temperature in a Cooler Optimal Catalyst Usage in a Reactor/Filter System Optimal Heat Recovery in a Heat Exchanger Loop What to Choose: A Grass-Roots Plant or the Expansion of an Existing Plant Optimum Number of Plants Appendices Appendix I Definitions Appendix II Indices Appendix III Compound Interest Tables Appendix IV Equipment Pricing Data Appendix V Design Phases: Inputs and Outputs Index