How to estimate equipment costs?
Thread Content
Hello, everyone. I have now completed the simulation of 2 process flows, and I would like to estimate the costs of equipment such as heat exchangers, pumps, compressors, and distillation towers that are used in these processes. But after searching through many literature sources, I found that what they did was quite sophisticated, with various parameters and formulas. I am currently in the conceptual design phase, so I just want to use the Aspen simulation results to estimate and compare approximate prices. I hope my friends can recommend some materials; I’d be extremely grateful!
Update: Estimates for the other devices have all been found; now only the estimate for the reactor cost remains. How should we estimate the cost of reactors, everyone? Thank you!
Senior, I’m an undergraduate. How can I estimate the manufacturing costs of heat exchangers?
First, determine the material and weight of the heat exchanger; then estimate the cost of the materials based on their unit price. After that, add a processing fee of around 40%, and that’s it.