Estimation of production cost and revenue

Variable Cost of Production

Estimating Variable Production Costs

Raw Materials Cost

Costs of chemical feed stocks required by the process. Feed stocks flow rates are obtained from PFD [6].

Waste Disposal Costs

These are defined as the cost of waste treatment to protect the environment [6].

References

1. Wankat, P.C. (2012). Separation Process Engineering. Upper Saddle River: Prentice-Hall.
2. Towler, G.P. and Sinnot, R. (2012). Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design.Elsevier.
3. Biegler, L.T., Grossmann, L.E., and Westerberg, A.W. (1997). Systematic Methods of Chemical Process Design. Upper Saddle River: Prentice-Hall.
4. Peters, M.S. and Timmerhaus, K.D. (2003). Plant Design and Economics for Chemical Engineers, 5th Edition. New York: McGraw-Hill.
5. Seider, W.D., Seader, J.D., and Lewin, D.R. (2004). Process Design Principles: Synthesis, Analysis, and Evaluation. New York: Wiley.
6. Turton, R.T., Bailie, R.C., Whiting, W.B., and Shaewitz, J.A. (2003). Analysis, Synthesis, and Design of Chemical Processes Upper Saddle River: Prentice-Hall.