Process alternatives and flowsheeting: Difference between revisions
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Authors: Alex Chandel, Eric Jiang, Minwook Kim, Todor Kukushliev, William Lassman (ChE 352 in Winter 2014) |
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Steward: David Chen, Fengqi You |
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Date Presented: 2/9/2014 |
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<br> |
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==Introduction== |
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==Components of Capital Cost== |
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==Accuracy and purpose of Capital Cost Estimates== |
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==Order of Magnitude Estimates== |
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==Estimating Purchased Equipment Costs== |
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==Estimating Installed Costs: The Factorial Method== |
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==Cost Escalation== |
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==Location Factors== |
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Because of the abundance of chemical engineering plants in the U.S Gulf Coast, it is often the standard for plant and equipment cost. Cost of plant construction will differ based on: |
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* Construction Infrastructure |
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* Labor costs |
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* Transportation costs |
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* Tax Rates |
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* Exchange Rates |
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It is common to convert cost of construction to locations other than the U.S. Gulf Coast by applying a location factor in which: <math>Cost of Plant Construction = (Cost of Plant in Gulf Coast) X (Location Factor)</math> |
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==Estimating Offsite Capital Costs== |
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==Computer Tools for Cost Estimating== |
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==Validity of Cost Estimates== |
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==References== |
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1. Gavin Towler and Ray Sinnott, Chapter 7 – Capital Cost Estimating, Chemical Engineering Design, 2nd Ed., edited by Gavin Towler and Ray Sinnott, Butterworth-Heinemann, Boston, 2013, Pages 307–354, ISBN 9780080966595, http://www.sciencedirect.com/science/article/pii/B9780080966595000079. |
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