Course unit code:
N423N0_4I
Course unit title:
Cost Engineering of Industrial Projects
Mode of completion and Number of ECTS credits:
Exm (2 credits)
Course contents:
1. Project elaboration phases (allowance 0/2)
 
a. Feasibility study
b. Costs appraisal accuracy
c. The usual procedure in an investment project proposal

2. Basic economic terms (allowance 0/2)
 
a. Incomes and expenses, revenues and costs, their differences
b. Break-even point
c. Choosing the appropriate production device considering production costs optimization

3. Fix and active capital (allowance 0/4)
 
a. Direct and indirect capital costs, their further division
b. The basic diagram of a capital investment

4. Methods of capital costs estimation (allowance 0/2)
 
a. Fast methods
b. Index methods
c. Factor - based methods; methods based on one or more factors (Lang, Baumann, Woods)
d. Method of functional entities
e. Exponential method
f. Differences in cost estimation in a grass root project; a project to be realized within "battery limit" and a project of existing production unit revamp

5. Fix costs estimation (allowance 0/2)
 
a. A particular example of fix costs estimation in a distillation unit production capacity increase; including a chemical engineering analysis

6. Active capital (allowance 0/2)
 
a. Active capital circulation
b. Methods of active capital evaluation
c. Splitting of production costs

7. Estimation of total capital investment costs (allowance 0/2)
 
a. Complex estimation of fix and active capital requirements for a methanol absorption process

8. Economic point of view in construction material selection (allowance 0/2)
9. Depreciation (allowance 0/2)
 
a. Depreciation types
b. Simple methods of investment project evaluation, simple pay back period

10. Time value of money (allowance 0/2)
 
a. Interest rate, ways of interest rate assignment
b. Inflation rate and its impact on time value of money

11. Cash flow (allowance 0/2)
 
a. Cash flow diagram

12. Modern methods of an investment project evaluation (allowance 0/2)
 
a. NPV
b. NPVR
c. IRR
d. DCFRR

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