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

Shell And Tube Heat Exchanger

Efficiency: 48%
Power: 7.317x10 5 Watts Length of Pass: 4.7 meters, Life Cycle 5 yr.
540:343 Engineering Economics Spring 1998

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) 7.137 E5 Life Cycle 5 yrs 5 yrs 25 yrs Efficiency 48 % 48 % 61 %

Shell & Tube Counter 7.137 E5 Flow Cross 2.92 E5 Flow

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 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

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

Total Cost Over Life Cycle - $ 4500

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.

Recommendation : Cross Flow Heat Exchanger

540:343 Engineering Economics Spring 1998

Questions ??

Design of Heat Exchanger?? Base Cost Estimating Technique?? Complete Cost Estimation?? Choice of Heat exchanger ??

540:343 Engineering Economics Spring 1998