cost estimation of a heat exchanger group members chinthaka perera chris peng sandy lee terry peters...
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CostCost EstimationEstimation OfOf AA HeatHeat ExchangerExchanger
Group Members
Chinthaka Perera
Chris Peng
Sandy Lee
Terry Peters540:343 Engineering Economics Spring 1998
Outline
• Introduction and Problem Definition
• Designs of Heat Exchangers
• Base Cost Estimation
• Complete Cost Estimation
• Conclusions & Recommendation
• Questions
540:343 Engineering Economics Spring 1998
Problem Definition
•Heat cold water from 15 oC to 85 oC using the minimum resources
•Area Limited to 50 square meters
•Minimize the cost of operation and maintenance of the machine
540:343 Engineering Economics Spring 1998
Efficiency: 48%
Power: 7.317x10 5 Watts
Length of Pass: 4.7 meters, Life Cycle 5 yr.540:343 Engineering Economics Spring 1998
Shell And Tube Heat Exchanger
Counter Flow Heat Exchanger
Efficiency: 48%
Power: 7.317 x 105 Watts
Length 129.55 meters, 8 revolutions, Life Cycle: 5yr.540:343 Engineering Economics Spring 1998
Cross Flow Heat Exchanger
Efficiency: 61%
Power:2.92 x 105 Watts
Area: 28.4 square meters, Tubes: 7898, Life Cycle 25 yr.540:343 Engineering Economics Spring 1998
Summary of Designs
Power(Watts)
LifeCycle
Efficiency
Shell &Tube
7.137 E5 5 yrs 48 %
CounterFlow
7.137 E5 5 yrs 48 %
CrossFlow
2.92 E5 25 yrs 61 %
540:343 Engineering Economics Spring 1998
Base Cost Estimating Technique
Base Cost = Cost of Materials to Construct Heat Exchanger
+ Cost Of Installation of Heat Exchanger
Conversion of Base Cost to Annual Worth using MARR = 10%
AWHeat Exchanger = (Base Cost) x (A/P,10%,Life Cycle)
540:343 Engineering Economics Spring 1998
Base Cost Estimation Of Heat Exchanger Designs
Using Annual Worth and assuming repeatabilityUsing Annual Worth and assuming repeatability
AWShell and Tube = - $ 14400
AWCounter flow = - $ 63400
AWCross flow = - $2200
Best Alternative for Heat Exchanger is
Cross Flow Heat ExchangerCross Flow Heat Exchanger540:343 Engineering Economics Spring 1998
Complete Cost Estimating Technique
Complete Cost = Base Cost + Operation and Maintenance
Conversion of Complete Cost to Annual Worth using MARR = 10%
AWHeat Exchanger = (Base Cost) x (A/P,10%,Life Cycle) +
(O & M) x (A/P,10%,Life Cycle)
540:343 Engineering Economics Spring 1998
Complete Cost Estimation
•Base Cost of Cross Flow Heat Exchanger - $ 2200
•Operation and Maintenance Cost + Cost of Gas - $ 2300
540:343 Engineering Economics Spring 1998
Total Cost Over Life Cycle - $ 4500
Conclusions & Recommendation
•Cross Flow Heat Exchanger is the most effective for the purpose
•Cross Flow Heat Exchanger is the most Cost EffectiveAside:
The Shell & Tube and Counter flow reused waste to heat water.
540:343 Engineering Economics Spring 1998
Recommendation : Cross Flow Heat Recommendation : Cross Flow Heat ExchangerExchanger
Questions ??
Design of Heat Exchanger…??
Base Cost Estimating Technique…??
Complete Cost Estimation…??
Choice of Heat exchanger …??
540:343 Engineering Economics Spring 1998