WHAT IS ASPEN? A computer program for steady-state process simulation (a.k. process Flowsheeting) Developed for the simulation of Chemical Petrochemical Processes Coal-based Processes Petroleum Refining Polymer Processes One of many commercially available flowsheeting programs such as PROII (Simulation Sciences) HYSIM (Hyprotech)
ENGINEERING ECONOMICS II INVESTMENT ANALYSIS Companies(and individuals) invest money in order to earn money Examples Build a factory to make washing machines and dryers → Open laundromat Write novel(what is being invested here?) Get a degree in chemical engineering
DESIGN METHODOLOGY goaL-- Produce design for chemical plant that: Is economically acceptable and Is operable,ie., eIs safe → Is controllable Is reliable,and Is environmentally acceptable
BASIC LEVEL II DECISIONS Choice of reaction chemistry Choice of raw material feedstocks Determination of need for vapor recycle Evaluation of economic potential for process
HEAT EXCHANGER NETWORK SYNTHESIS 1: TARGETING OBJECTIVES: 1 Determine the minimum energy inputs required for a process 2Determine the minimum number of heat exchangers required to transfer this energy 3Develop a methodology for determining where these heat exchangers should be placed in the process
Book 4 Teaching Plan Unit 1 TextA Who Is Great Text B How to Be a Leader I. teaching purpose and requirement A. understand the main idea and structure of the texts Text A main idea a. Who is great? \Someone who has made lasting contribution to human civilization is great\. b. the common characteristics the great achiever shave ------an unrelenting drive to succeed (Greatness is built upon tremendous amounts of study
Futures Contracts Available on a wide range of underlyings · Exchange traded · Specifications(规定) need to be defined: -What can be delivered, Where it can be delivered,& When it can be delivered Settled(结算) daily
Types of Rates Treasury rates(国债利率)—regarded as risk-free rates LIBOR rates (London Interbank Offer rate)(伦敦银行同业放款利率)-generally higher than Treasury zero rates Repo rates(回购利率)—slightly higher than the Treasury rates
Three Alternative Strategies · Take position in: -the option and the underlying -2 or more options of the same type This is known as spread -a mixture of calls and puts This is known as a combination
