I am working on a project for my Senior Design class and I am having to price all the units in our natural gas treatment plant. We have a few floating head shell and tube heat exchangers and I have been using the following correlation to estimate prices (as of 2010):
C = a + b(S^n)
a, b, n = constants
S = capacity of the equipment
We now have a plate and fin heat exchanger in our plant but our Design book doesn't have constants that would go with that type of heat exchanger.
I saw a post here from a while back asking about a similar situation but the responses said "if you're a professional engineer it is better to call and ask for a quote" but since I am a student and this is all a theoretical situation I don't have enough details about the exchanger to ask a supplier to quote it.
I hope someone here has worked previously with pricing this kind of equipment or has knowledge on the subject that could help me. Thanks in advance!