Chemical Engineering Process Economics

1 credits · College of Engineering catalogue

Advisory Prerequisite: None. Enforced Prerequisite: CHE 343. Minimum grade requirement of “C-” for enforced prerequisite. (1 credit) Economic and profitability analysis as applied to chemical engineering processes and products. Estimation of capital investment, cost of production, depreciation and cash flows. Discounted profitability analysis including net present value, internal rate of return and discounted payback period. Profitability decision making based on cost of capital and economic risk analysis. ChE process optimization based on economic profitability. Students will connect economics and business principles to real chemical engineering processes, as previously learned in the core chemical engineering courses of fluid mechanics, heat and mass transfer and separations.