FD6004 - PROCESS ECONOMICS AND INDUSTRIAL MANAGEMENT (Syllabus) 2013-regulation Anna University

FD6004 - PROCESS ECONOMICS AND INDUSTRIAL MANAGEMENT (Syllabus) 2013-regulation Anna University

FD6004

PROCESS ECONOMICS AND INDUSTRIAL MANAGEMENT

 LPTC
3003

AIM:
To introduce process economics and industrial management principles to chemical engineers.

OBJECTIVE:
The objective of this course is to teach principles of cost estimation, feasibility analysis, management, organization and quality control that will enable the students to perform as efficient managers.

UNIT I

PRINCIPLES OF PRODUCTION MANAGEMENT AND ORGANISATION

15
Planning, organization, staffing, coordination, directing, controlling, communicating, organization as a process and a structure; types of organizationsMethod study; work measurement techniques; basic procedure; motion study; motion economy; principles of time study; elements of production control; forecasting; planning; routing; scheduling; dispatching; costs and costs control, inventory and inventory control.

UNIT II

ENGINEERING ECONOMICS FOR PROCESS ENGINEERS - INTEREST, INVESTMENT COSTS AND COST ESTIMATION

10
Time Value of money; capital costs and depreciation, estimation of capital cost, manufacturing costs and working capital, invested capital and profitability.


UNIT III

PROFITABILITY, INVESTMENT ALTERNATIVE AND REPLACEMENT

8
Estimation of project profitability, sensitivity analysis; investment alternatives; replacement policy; forecasting sales; inflation and its impact.

UNIT IV

ANNUAL REPORTS AND ANALYSIS OF PERFORMANCE

4
Principles of accounting; balance sheet; income statement; financial ratios; analysis of performance and growth.

UNIT V

ECONOMIC BALANCE AND QUALITY AND QUALITY CONTROL

8
Essentials of economic balance – Economic balance approach, economic balance for insulation, evaporation, heat transfer. Elements of quality control, role of control charts in production and quality control.

TOTAL : 45 PERIODS

TEXT BOOKS:
1. Peters, M. S. and Timmerhaus, C. D., “ Plant Design and Economics for Chemical Engineers ”, 5th Edn., McGraw Hill, 2002.
2. Holand, F.A., Watson, F.A. and Wilkinson, J.K., " Introduction to process Economics ", 2nd Edn., John Wiley, 1983.
3. Narang, G.B.S. and Kumar, V., “ Production and Costing ”, Khanna Publishers, New Delhi, 1988.

REFERENCES
1. Allen, L.A., “ Management and Organization”, McGraw Hill.
2. Perry, R. H. and Green, D., “ Chemical Engineer’s Handbook “, 7th Edn., McGraw Hill.
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