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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 oC to 85 oC 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
Efficiency: 48% Power: 7.317 x 105 Watts Length 129.55 meters, 8 revolutions, Life Cycle: 5yr.
540:343 Engineering Economics Spring 1998
Efficiency: 61%
Power:2.92 x 105 Watts Area: 28.4 square meters, Tubes: 7898, Life Cycle 25 yr.
540:343 Engineering Economics Spring 1998
Summary of Designs
Power (Watts) 7.137 E5 Life Cycle 5 yrs 5 yrs 25 yrs Efficiency 48 % 48 % 61 %
Conversion of Complete Cost to Annual Worth using MARR = 10% AWHeat Exchanger = (Base Cost) x (A/P,10%,Life Cycle) + (O & M) x (A/P,10%,Life Cycle)
Questions ??
Design of Heat Exchanger?? Base Cost Estimating Technique?? Complete Cost Estimation?? Choice of Heat exchanger ??