ESIGN METHODOLOGY III: RECYCLE STRUCTURE OF THE PROCESS goAL-- Determine alternate recycle structures for the process based on reactor operating requirements
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
ENGINEERING ECONOMICS ESTIMATING THE PROFITABILITY OF A CHEMICAL PLANT Estimating Investment Estimating Cost of Production Profitability Evaluation Return on Investment (ROD) Payout time(Tpay) DCF Rate of Return(DCFROR) Transfer Price
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
