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Cost Estimation Of A Heat

Exchanger

Group Members
Chinthaka Perera
Chris Peng
Sandy Lee
Terry Peters
540:343 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 .

7 meters. 540:343 Engineering Economics Spring 1998 . Life Cycle 5 yr.Shell And Tube Heat Exchanger Efficiency: 48% Power: 7.317x10 5 Watts Length of Pass: 4.

540:343 Engineering Economics Spring 1998 . 8 revolutions. Life Cycle: 5yr.317 x 105 Watts Length 129.Counter Flow Heat Exchanger Efficiency: 48% Power: 7.55 meters.

92 x 105 Watts Area: 28.4 square meters. Life Cycle 25 yr. 540:343 Engineering Economics Spring 1998 . Tubes: 7898.Cross Flow Heat Exchanger Efficiency: 61% Power:2.

137 E5 5 yrs 48 % Flow Cross 2. Summary of Designs Power Life Efficiency (Watts) Cycle Shell & 7.92 E5 25 yrs 61 % Flow 540:343 Engineering Economics Spring 1998 .137 E5 5 yrs 48 % Tube Counter 7.

Life Cycle) 540:343 Engineering Economics Spring 1998 .10%. 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.

Base Cost Estimation Of Heat Exchanger Designs Using Annual Worth and assuming repeatability AWShell and Tube = .$ 14400 AWCounter flow = .$ 63400 AWCross flow = .$2200 Best Alternative for Heat Exchanger is Cross Flow Heat Exchanger 540:343 Engineering Economics Spring 1998 .

10%.10%.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.Life Cycle) + (O & M) x (A/P.Life Cycle) 540:343 Engineering Economics Spring 1998 .

$ 2300 Total Cost Over Life Cycle . Complete Cost Estimation •Base Cost of Cross Flow Heat Exchanger .$ 2200 •Operation and Maintenance Cost + Cost of Gas .$ 4500 540:343 Engineering Economics Spring 1998 .

Recommendation : Cross Flow Heat Exchanger 540:343 Engineering Economics Spring 1998 .Conclusions & Recommendation •Cross Flow Heat Exchanger is the most effective for the purpose •Cross Flow Heat Exchanger is the most Cost Effective Aside: The Shell & Tube and Counter flow reused waste to heat water.

Questions ?? Design of Heat Exchanger…?? Base Cost Estimating Technique…?? Complete Cost Estimation…?? Choice of Heat exchanger …?? 540:343 Engineering Economics Spring 1998 .