Covering the economic aspects of automation and process control, this 2nd Edition expands on how the tools of economic and financial analysis can be applied to automation projects, especially those concerned with continuous processes. New sections have been added to extend application of economic and financial analysis to control of discontinuous processes, including batch and discrete parts manufacturing. A new glossary has also been added to help define economic terms.
Comments about this Volume
Unit 1 : Introduction and Overview
Unit 2 : Basic Concepts
Unit 3 : Benefit Identification
Unit 4 : Benefit Estimation
Unit 5 : Cost Estimation
Unit 6 : Project Evaluation
Unit 7 : Ammonia Plant Control : A Detailed Example
Unit 8 : Including Risks in Cost Estimation
Unit 9 : Including Risks in Benefit Estimations
Unit 10 : Including Risks in Project Evaluations
Unit 11 : Testing of Critical Components
Unit 12 : Sulfur Burner Control : A Detailed Example
Unit 13 : Economics of Batch Process Control
Unit 14 : Economics of Automation
Appendix A : Suggested Readings and Study Materials
Appendix B : Solutions to All Exercises
Appendix C : Glossary of Economics Terms
Index
