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Automation and Control Systems Economics (2nd Ed) – Paul G. Friedmann

Publicado: 2010-04-27 03:17:20

Automation and Control Systems Economics (2nd Ed)
Paul G. Friedmann

                                                                   

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UNIT 1 Introduction and Overview
1-1. Course Coverage
1-2. Purpose
1-3. Audience and Prerequisites
1-4. Study Material
1-5. Organization and Sequence
1-6. Course Objectives

UNIT 2 Basic Concepts
2-1. Measures of Performance
2-2. Cash Flows
2-3. Costs
2-4. Benefits
2-5. Project Evaluation
2-6. Uncertainty and Probability
2-7. Risk

UNIT 3 Benefit Identification
3-1. Starting a Project
3-2. How Will It Make Money?
3-3. Higher Output
3-4. Lower Utility Costs
3-5. Better Yield
3-6. Fewer Unwanted Byproducts
3-7. Less Labor
3-8. Better Quality
3-9. Quantifiable Benefits from Reducing Pollution
3-10. Quantifiable Benefits from Improving Safety

UNIT 4 Benefit Estimation
4-1. How Much Money?
4-2. Information Requirements
4-3. Estimation of Control Performance Improvement
4-4. Translation to Process Improvement
4-5. Translation into Dollars
4-6. Representation as Cash Flow Table

UNIT 5 Cost Estimation
5-1. How Much Will It Cost?
5-2. Instrumentation
5-3. Control System Hardware and Software
5-4. Application Software
5-5. Installation and Commissioning
5-6. Training
5-7. Operating Costs
5-8. Representation as a Cash Flow Table

UNIT 6 Project Evaluation
6-1. Is It Worth Doing?
6-2. Project Cash Flow Table
6-3. Nondiscounted Evaluation Methods
6-4. Discounted Evaluation Methods
6-5. Using a Spreadsheet
6-6. Selection Among Proposals

UNIT 7 Ammonia Plant Control- A Detailed Example
7-1. Benefit Identification
7-2. Benefit Evaluation
7-3. Cost Evaluation
7-4. Project Evaluation
7-5. Epilogue

UNIT 8 Including Risks in Cost Estimations
8-1. How Much Is It Really Likely to Cost?
8-2. Cost Risk Factors
8-3. The Most Likely Source of Cost Overruns
8-4. Assigning Probabilities
8-5. Estimating Expected Cost

UNIT 9 Including Risks in Benefit Estimations
9-1. How Much Money Is It Really Likely to Make?
9-2. Technological Risks
9-3. Commercial Risks
9-4. Assigning Probabilities
9-5. Probability Trees

UNIT 10 Including Risks in Project Evaluations
10-1. Is It Really Worth Doing?
10-2. Scenarios and Probabilities
10-3. Cash Flows
10-4. Evaluation
10-5. Presenting the Results

UNIT 11 Strategies for Risk Minimization
11-1. Avoiding the Untried
11-2. Keeping It Simple
11-3. Testing of Critical Components
11-4. Modeling and Simulation
11-5. Redundancy
11-6. Decision Trees

UNIT 12 Sulfur Burner Control—a Detailed Example
12-1. Benefit Identification
12-2. Sensor Risk
12-3. Implementation Risk
12-4. Risk Avoidance Strategies
12-5. Benefit Evaluations
12-6. Cost Evaluation
12-7. Project Evaluation
12-8. Epilogue

UNIT 13 Economics of Batch Process Control
13-1. Batch Process Characteristics
13-2. Costs
13-3. Benefits
13-4. Strategies

UNIT 14 Economics of Automation
14-1. Definitions
14-2. Costs
14-3. Benefits
14-4. Strategies

APPENDIX A Suggested Readings and Study Materials
APPENDIX B Solutions to All Exercises
APPENDIX C Glossary of Economic Terms

                                                                   

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