10.409 Engineering Economics and Process Analysis

Engineering Economics and Process Analysis

Course Details
Min Credits 3
Max Credits 3
Course ID 2879
Status Active

This course brings together all the Chemical Engineering core principles applied to the development of economic process designs. Economic evaluations of manufacturing operations and projects including essential concepts in accounting, depreciation, time value of money, and the evaluation of investment alternatives are applied for process analysis and design objectives. The impact of management and production costs, product markets, regulatory, environmental and safe production practices, the analysis of corporate annual reports including balance sheets and income statements, and capital and operating costs are all considered in regard to efficient and economic processes. In addition to lecture materials students are required to complete comprehensive projects.