21h

Master evaluation of investments and process costs methods.

Be able to considerate technical, economical and social factors that intervene in the implementation of a project.

General elements : historicals, enconomicals.

Investments structure.

Evaluation of investments in limited units, redeemable capital, process cost, factor price.

Calculation of the break-even point.

Costs discounted cash flow : extrapolation and passage to limits factors, partial and global index.

Economic profitability of industrial projects' criteria and calculations.

Dimensioning and costs of main equipements.

Handing in of not time controled works (analyse of break-even point, profitability calculations) (2/5) with a deadline ;

1 end of semester written exam (3/5)

Every document allowed during the tests.

« Manuel d'évaluation économique des procédés » ; A. Chauvel et al – Technip

« Plant Design and Economics for Chemical Engineers » ; Peters, Timmerhaus – Mc Graw Hill

« Cost Engineering Analysis » ; W.R. Park, D.E. Jackson – John Wiley & Sons

Professional magazines :

·          Chemical Engineering

·          Hydrocarbon Processing