Process Industry Economics: Principles, Concepts and Applications, Second Edition, explores the fundamentals of market evaluation, capital and operating cost estimation, and profitability evaluation, along with their implications for process technology evaluation, project development and investment decisions. Sections cover time dependent technology evolution in process plants, including scale development, performance improvement in new and operating plants, and learning related to environmental, safety and sustainability assessments. Influences on capital investment decisions, including capacity planning and environmental considerations are explored and supported by case studies. Finally, the aspects of overall industry performance and drivers are discussed.
- Outlines the basic principles of economic evaluation
- Identifies the roles of engineering, scientific, commercial and management personnel in contributing to economic evaluation
- Explores the interaction of economics with safety, environmental and sustainability criteria in project evaluation
1. The scope of process industry economics 2. Market Evaluation and Forecasting 3. Capital Cost Estimation 4. Operating Cost Estimation 5. Evaluation of Project Profitability 6. Some Worked Examples in Process Economics 7. Process Technology Evolution and Adoption 8. Capital Investment Decisions 9. Industry Planning and Structure
Prof. David Brennan has worked in design, operations, and project evaluation roles within the chemical industry and chemical engineering design offices. His academic experience at RMIT and Monash Universities includes teaching design and process economics, and managing the design project. His research has covered aspects of process design, process economics, environmental assessment and sustainability, in a variety of contexts. Experience has been mainly in Australia, but has included exposure to process plants, businesses, academic institutions, and related personnel in UK, Europe, and USA.