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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