Process optimization at the design stage with an objective function linear in profit and investment
✍ Scribed by M.W. McEwan; G.S.G. Beveridge
- Publisher
- Elsevier Science
- Year
- 1965
- Tongue
- English
- Weight
- 878 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0009-2509
No coin nor oath required. For personal study only.
✦ Synopsis
In the optimization of chemical processes at the design stage, it is suggested that the optimization of a linear function of profit and investment allows the economics of the process to be presented in a particularly simple way. All technical considerations have been taken into account and the final design choice can be made from a purely economic point of view. The results can be represented most conveniently by curves in the profit-investment plane. The approachis illustratedwith simplified examples of cross-current extraction and a first-order reversible reaction carried out in a sequence of continuous stirred tank reactors.