Value of money, Equations for economic studies and equivalence. Amortization, Capital recovery, Depreciation.
Project implementation steps, Feasibility studies, Capital requirements for process plants, Cost indices, Equipment cost, Service facilities. Capital requirements for complete plants, Balance sheet.
Variable cost, Fixed cost, Income statement, Economic production charts. Capacity factors, Taxes and insurance.
Annual cost method, Present worth method, Equivalent alternates, Rate of return and paymenttime. Cash flow analysis.
Economic balance in batch operations, Utility cost, Overhead cost, Plant layout & Overall cost analysis for the plant, Economic trade offs .
1. M. S. Peters and K. D. Timmerhaus, "Plant Design and Economics for Chemical Engineers", McGraw Hill book Co., New York, 1991
2. H. E. Schwyer, "Process Engineering Economics", McGraw Hill Book Co., N.Y
1. F. C. Jelen, "Cost and Optimization Engineering", McGraw Hill Book Co., New York, 1970.
2. Robin Smith, “ Chemical Process Design”, McGraw Hill Book Co., New York, 1995.