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True log mean temperature differences are only valid in double-pipe (or tubular) heat exchangers; hence for more complex shell-and-tube
arrangements, we have to muliply the LMTD by a factor.
The equations used in the spreadsheet are taken from the work of Bowman et al (1940) and are given below.
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[EDIT] Corrected Log Mean Temperature Difference for Shell-and-Tube Heat Exchangers | Exc... http://excelcalculations.blogspot.com/2011/06/lmtd-correction-factor.html
Note that R is the temperature change ratio of the hot and cold streams, while P is the temperature change of the cold fluid divided by the maximum
temperature difference. F is the LMTD correction factor.
Perrys Chemical Engineers' Handbook states LMTD correction factors lower than 0.8 indicate inefficient heat exchanger design, while the Heat
Exchanger Design Handbook advises that the minimum value should be 0.75.
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