Download e-book for kindle: Automation and control systems economics by Paul G. Friedmann

By Paul G. Friedmann

ISBN-10: 1556179510

ISBN-13: 9781556179518

Overlaying the commercial features of automation and strategy keep watch over, this newly revised 2d variation expands on how the instruments of financial and monetary research may be utilized to automation tasks, particularly these all in favour of non-stop methods. New sections were extra to increase software of monetary and monetary research to regulate of discontinuous methods, together with batch and discrete elements production. a brand new thesaurus has additionally been extra to assist outline monetary phrases.

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Example text

Each operating job costs the firm $35,000/year in wages and benefits. book Page 44 Tuesday, June 13, 2006 11:31 AM 44 UNIT 4: Benefit Estimation life of ten years. What are the benefits from the consolidation project? Present the results as a cash flow table. Assume that the consolidation is completed in one year. 4-4. A product has an upper limit on component X of 500 ppm. The process is operated to turn out product with an average of 400 ppm of X. More precise flow metering will tighten the composition distribution, reducing 90% limits (the endpoints of a range that includes 90% of the distribution) from ±100 ppm to ±40 ppm.

All the engineering economy textbooks cited in Appendix A have detailed descriptions of spreadsheet use for project evaluation. Fig. 6-4. Spreadsheet Project Evaluation Printout 6-6. Selection Among Proposals The situation in which all projects are independent and the choice among them is unlimited is an idealized state, more commonly encountered in textbooks than in the real world. There are several ways to classify the constraints that often limit project selection. book Page 65 Tuesday, June 13, 2006 11:31 AM UNIT 6: Project Evaluation 65 Choice may be limited because multiple projects seek the same object.

7-1. Benefit Identification It is oil price crisis time (again). You are control engineer of a complex that includes a 1000 ton/day ammonia plant. Your plant uses the same technology as 50 other plants around the country. A flow diagram is shown in Fig. 7-1. Several of these plants have installed computer control and are reporting benefits. Should you put your plant under computer control? What loops should be controlled? What benefits will computer control produce? You decide to talk to some of the vendors and study the open literature.

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Automation and control systems economics by Paul G. Friedmann

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