|(i) A distillation column is required to purchase for a petrochemical industry. The chief engineer of the industry wants to evaluate the cost of the distillation column to make his purchase worthy. The data is not available with the vendor. So chief engineer of the company predicts that the estimation by using cost index data is most suitable to determine the cost. But the cost index table is available from the year 1980 to 1990. As a chief engineer describe a procedure to calculate cost of the equipment in current year 2020.
|(i) A distillation column is required to purchase for a petrochemical industry. The chief engineer of the industry wants to evaluate the cost of the distillation column to make his purchase worthy. The data is not available with the vendor. So chief engineer of the company predicts that the estimation by using cost index data is most suitable to determine the cost. But the cost index table is available from the year 1980 to 1990. As a chief engineer describe a procedure to calculate cost of the equipment in current year 2020.
Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Chapter1: Introduction
Section: Chapter Questions
Problem 1.1P
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Transcribed Image Text:|(i) A distillation column is required to purchase for a petrochemical
industry. The chief engineer of the industry wants to evaluate the cost of
the distillation column to make his purchase worthy. The data is not
available with the vendor. So chief engineer of the company predicts
that the estimation by using cost index data is most suitable to
determine the cost. But the cost index table is available from the year
1980 to 1990. As a chief engineer describe a procedure to calculate
cost of the equipment in current year 2020.
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