Hello sir,
I'm trying to find the annualized capital cost of heat exchangers for my research project. I have come up with
this formula I extracted from my supervisor's thesis (as she had granted permission) ,
CHE = I/Ib*(FPFmFLCB)*AF; where I and Ibare the chemical engineering plant cost index in the
present time and base cost index from an earlier time; FP, FM and FL are the shell-side pressure
factor, shell and tube material of construction factor and the tube length factor, respectively which
are the cost parameters; CB is the base cost of the heat exchanger and AF is the annuity factor. I showed my
supervisor this formula and she told me to find another suitable formula/method to calculate the annualized
capital cost for heat exchangers. It will be helpful to recommend a few. Thanks and good day, sir.