Scribd
Upload
478 views13 pages

Process Equipment Cost Estimation-Heat-Exchanger

The document summarizes a group's cost estimation analysis of three designs for a heat exchanger tasked with heating water from 15°C to 85°C within a 50 square meter area: a shell and tube design, counter flow design, and cross flow design. The cross flow design was found to be the most cost effective option with an efficiency of 61%, operating power of 2.92x105 Watts, a 25 year life cycle, and an estimated total annual worth of $4500 once base construction costs and ongoing operation/maintenance costs were considered over the life cycle. The group recommends selecting the cross flow heat exchanger as the most effective and cost efficient solution.

Uploaded by

Yang Gul Lee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
478 views13 pages

Process Equipment Cost Estimation-Heat-Exchanger

The document summarizes a group's cost estimation analysis of three designs for a heat exchanger tasked with heating water from 15°C to 85°C within a 50 square meter area: a shell and tube design, counter flow design, and cross flow design. The cross flow design was found to be the most cost effective option with an efficiency of 61%, operating power of 2.92x105 Watts, a 25 year life cycle, and an estimated total annual worth of $4500 once base construction costs and ongoing operation/maintenance costs were considered over the life cycle. The group recommends selecting the cross flow heat exchanger as the most effective and cost efficient solution.

Uploaded by

Yang Gul Lee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 13

Cost Estimation Of A Heat

Exchanger
Group Members
Chinthaka Perera
Chris Peng
Sandy Lee
Terry Peters
540:343 Engineering Economics Spring 1998
Outline
Introduction and Problem Definition
Designs of Heat Exchangers
Base Cost Estimation
Complete Cost Estimation
Conclusions & Recommendation
Questions

540:343 Engineering Economics Spring 1998
Problem Definition
Heat cold water from 15
o
C to 85
o
C
using the minimum resources
Area Limited to 50 square meters
Minimize the cost of operation and
maintenance of the machine
540:343 Engineering Economics Spring 1998
Efficiency: 48%
Power: 7.317x10
5
Watts
Length of Pass: 4.7 meters, Life Cycle 5 yr.
540:343 Engineering Economics Spring 1998
Shell And Tube Heat Exchanger
Counter Flow Heat Exchanger
Efficiency: 48%
Power: 7.317 x 10
5
Watts
Length 129.55 meters, 8 revolutions, Life Cycle: 5yr.
540:343 Engineering Economics Spring 1998
Cross Flow Heat Exchanger
Efficiency: 61%
Power:2.92 x 10
5
Watts
Area: 28.4 square meters, Tubes: 7898, Life Cycle 25 yr.
540:343 Engineering Economics Spring 1998
Summary of Designs
Power
(Watts)
Life
Cycle
Efficiency
Shell &
Tube
7.137 E5 5 yrs 48 %
Counter
Flow
7.137 E5 5 yrs 48 %
Cross
Flow
2.92 E5 25 yrs 61 %
540:343 Engineering Economics Spring 1998
Base Cost Estimating Technique
Base Cost = Cost of Materials to Construct Heat Exchanger
+ Cost Of Installation of Heat Exchanger
Conversion of Base Cost to Annual Worth using MARR = 10%
AW
Heat Exchanger
= (Base Cost) x (A/P,10%,Life Cycle)
540:343 Engineering Economics Spring 1998
Base Cost Estimation Of Heat
Exchanger Designs
Using Annual Worth and assuming repeatability
AW
Shell and Tube
= - $ 14400
AW
Counter flow
= - $ 63400
AW
Cross flow
= - $2200
Best Alternative for Heat Exchanger is
Cross Flow Heat Exchanger
540:343 Engineering Economics Spring 1998
Complete Cost Estimating Technique
Complete Cost = Base Cost + Operation and Maintenance
Conversion of Complete Cost to Annual Worth using MARR = 10%
AW
Heat Exchanger
= (Base Cost) x (A/P,10%,Life Cycle) +
(O & M) x (A/P,10%,Life Cycle)
540:343 Engineering Economics Spring 1998
Complete Cost Estimation
Base Cost of Cross Flow Heat Exchanger - $ 2200
Operation and Maintenance Cost + Cost of Gas - $ 2300
540:343 Engineering Economics Spring 1998
Total Cost Over Life Cycle - $ 4500
Conclusions & Recommendation
Cross Flow Heat Exchanger is the most
effective for the purpose
Cross Flow Heat Exchanger is the most Cost
Effective
Aside:
The Shell & Tube and Counter flow reused waste to heat
water.
540:343 Engineering Economics Spring 1998
Recommendation : Cross Flow Heat Exchanger
Questions ??
Design of Heat Exchanger??
Base Cost Estimating Technique??
Complete Cost Estimation??
Choice of Heat exchanger ??
540:343 Engineering Economics Spring 1998

You might also like