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Course
Pro-forma
Bachelor of Engineering (Chemical)
Code
KKEK4167
Title
Process Economics and Engineering
Pre-requisite
None
Student Learning Time (SLT)
120 hours
Credit
3
Learning Outcomes
1.
Gather the information needed to conduct economic
assessment on an engineering project.
2.
Estimate the operational and capital cost of a chemical plant.
3.
Determine the economic feasibility of a project.
4.
Conduct economic optimization exercise for existing
alternatives.
5.
Explain facts on basic economics related to daily issues.
Synopsis
Basic elements on economics which need to be considered in
dealing with current project issues such as supply and demand,
depreciation, inflation, financial resources and taxes are
introduced. Students are then exposed to conduct financial
analysis and economic feasibility study before making decision on
any engineering projects.
Assessment
40 % Continuous Assessments
60 % Final Examination
References
1.
Peters & Timmerhaus, Plant Design & Economics for
Chemical Engineers, 5th ed, McGraw Hill, 2002.
2.
Degarmo, Sullivan, Bontadelli and Wicks, Engineering
Economy, 10th Edition, Prentice Hall, 1997.
3.
Fabryky, Thuesen and Verma. Economic Decision Analysis,
3rd Edition, Prentice Hall, 1998.
4.
Hartman, J.C. Engineering Economy and the Decision Making
Process, Prentice Hall, 2006.
Soft Skills
Communication skills (CS1)
Critical thinking and problem solving skills (CT1, CT2, CT3)
Team work skills (TS1)
Lifelong learning and information management (LL1)