Economic Evaluation in the Chemical Process Industries

Economic Evaluation in the Chemical Process Industries

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Economic evaluation is necessary in deciding whether to pursue proposed business ventures. No business is too small to ignore economic evaluation, none too large to override it. This book describes how economic evaluations are performed in the chemical processing industries and illustrates them by appropriate examples. It stresses methods actually employed in real situations and suggests how results can be interpreted. To the extent possible the authors use common business language rather than specialized terms in order that new concepts will be more readily understood by those encountering the subject for the first time.Various indexes that track previous plant cost inflation with time are available and are updated regularly. ... Engineering News-Record Construction Index (ENR) correlates cost of basic construction materials such as concrete, lumber, and steel, with time. ... Nelson Refinery Index (Nelson) is oriented primarily toward construction practices typical of U.S. petroleum refineries but may be applied to any typeanbsp;...

Title:Economic Evaluation in the Chemical Process Industries
Author: Oliver Axtell, James M. Robertson
Publisher:Wiley-Interscience - 1986

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