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Engineering Economics and Economic Design for Process Engineers

Autor Thane Brown
en Limba Engleză Hardback – 27 oct 2006
Engineers often find themselves tasked with the difficult challenge of developing a design that is both technically and economically feasible. A sharply focused, how-to book, Engineering Economics and Economic Design for Process Engineers provides the tools and methods to resolve design and economic issues. It helps you integrate technical and economic decision making, creating more profit and growth for your organization. The book puts methods that are simple, fast, and inexpensive within easy reach. Author Thane Brown sets the stage by explaining the engineer’s role in the creation of economically feasible projects. He discusses the basic economics of projects — how they are funded, what kinds of investments they require, how revenues, expenses, profits, and risks are interrelated, and how cash flows into and out of a company. In the engineering economics section of the book, Brown covers topics such as present and future values, annuities, interest rates, inflation, and inflation indices. He details how to create order-of-magnitude and study grade estimates for the investments in a project and how to make study grade production cost estimates.
Against this backdrop, Brown explores a unique scheme for producing an Economic Design. He demonstrates how using the Economic Design Model brings increased economic thinking and rigor into the early parts of design, the time in a project’s life when its cost structure is being set and when the engineer’s impact on profit is greatest. The model emphasizes three powerful new tools that help you create a comprehensive design option list. When the model is used early in a project, it can drastically lower both capital and production costs.
The book’s uniquely industrial focus presents topics as they would happen in a real work situation. It shows you how to combine technical and economic decision making to create economically optimum designs and increase your impact on profit and growth, and, therefore, your importance to your organization. Using these time-tested techniques, you can design processes that cost less to build and operate, and improve your company’s profit.
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Specificații

ISBN-13: 9780849382123
ISBN-10: 0849382122
Pagini: 368
Ilustrații: 79 b/w images, 61 tables and 27 equations
Dimensiuni: 156 x 234 x 25 mm
Greutate: 0.64 kg
Ediția:1
Editura: CRC Press
Colecția CRC Press

Public țintă

Undergraduate

Cuprins

Introduction. SECTION I: ENGINEERING ECONOMICS. The Economic Side of Engineering. Time Value of Money. Estimating Investments. Estimating Production Cost. Economic Evaluation Methods. SECTION II: ECONOMIC DESIGN. Economic Design: A Model. Defining Objectives. Creating Options: Flow Sheet Development. Creating Options: Creating The List. Option/Alternate Analysis. Economic Design Case Studies. APPENDICES: Definitions. Inflation Indices. Compound Interest Tables. Equipment Pricing Data. Project Phases: Inputs and Outputs.

Descriere

Presenting simple, fast, and inexpensive methods to enable process engineers to increase company profit and growth, Engineering Economics and Economic Design for Process Engineers explains how to combine technical and economic decisions to create cost-effective, optimal performance designs. A section on engineering economics discusses early stages of design and development and provides tools to perform economic analyses for evaluating design options. A section on economic design contains a unique framework that brings more economic rigor into process development, feasibility engineering, and conceptual engineering. It also contains new tools to help lower both capital and production costs.