This course brings together the concepts of engineering and economics for chemical and desalination plant design and optimization. This course can be termed as the pinnacle of the chemical and desalination-engineering curriculum as it deals with applications of the individual aspects of chemical and desalination engineering such as fluid mechanics, mass transfer, heat transfer, process control, thermodynamics, thermal system design etc. for designing of an efficient and economic chemical and desalination process. By the end of this course the students will be able to understand; the concepts of General design considerations, Process design development, Layout of plant items, Flow sheets and PI diagrams, Break-even analysis, Optimum production rates in plant operation, Economic aspects and Optimum design, Practical considerations in design and engineering ethics, Degrees of freedom analysis in interconnected systems, Direct and Indirect costs, Factors affecting Investment and production costs, Estimation of capital investment and total product costs, Interest, Time value of money, Taxes and Fixed charges, Salvage value, Methods of calculating depreciation, Profitability, Alternative investments and replacements.
Pre-requisite: 0401301, 0409302, 0409306, 0409307