Archives :: Business & Economics :: Cost Engineering
November 15, 2007
The globalization of the economy is making the world a smaller place and leading businesses — the chemical process industries (CPI) included — to source, produce and sell material in foreign lands. Politics aside, the trend has the potential to wreak havoc on the supply chain, logistics and transportation operations of chemical corporations unless strategies that increase collaboration and...
April 1, 2007
Free trade agreements, global manufacturing standards and the Internet have made it possible for companies to do business in countries they would not have considered 20 years ago. Open is a world of opportunity, but for processors of pharmaceuticals, semiconductors and other materials that must meet high standards of product purity and performance, the competition is stiffer than ever as...
April 1, 2006
Typical process utilities include electricity, process steam, refrigerants, compressed air, cooling water, heated water, hot oil, process water, demineralized water, municipal water, and river, lake, or ocean water. For preliminary cost estimates, waste disposal cost can also be treated like a utility expense. Unlike capital, labor, and other expenses, utility prices do not correlate simply...
March 1, 2006
Engineers often need to predict the cost of piping and pipefitting associated with a process unit. Even though detailed prices are available, finding and organizing them takes time and costs money. For those needing a quick method of approximation (such as for a pre-design estimate), a short-cut piping cost method is presented in this article. For convenience and compactness, the relevant...
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