Profitability and Engineering Economics

Authored by: Karl B. Schnelle , Russell F. Dunn , Mary Ellen Ternes

Air Pollution Control Technology Handbook

Print publication date:  October  2015
Online publication date:  October  2015

Print ISBN: 9781482245608
eBook ISBN: 9781482245622
Adobe ISBN:

10.1201/b19286-10

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Abstract

A major decision point in process design is the selection of the most technically and economically feasible solution alternative. All companies set a profit goal. Most generally, it is to maximize profit, that is, maximize income above the cost of the capital, which must be invested to generate the income. In addition, current governmental regulations require that processes must be safe and ecologically/environmentally sound. Others goals sometimes are used. For example,

Minimize raw material loss

Minimize operating cost

Minimize environmental damage

Minimize emissions

Produce a by-product that requires low cost from the company

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