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Process Synthesis > Chapter 1 Intro > Flashcards

Chapter 1 Intro Flashcards

1
Q

Why is process control needed?

A

Respond to external disturbances
Ensure safe operation
Respond to changes in production objectives

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2
Q

Gross Margin

A

Value of products - Cost of raw materials

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3
Q

Economic Potential

A

Value of products - (fixed costs + Variable Costs + Taxes)

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4
Q

Capital Investment

A

Cost of equipment

Working capital

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5
Q

Total annualised cost

A

Operating costs + annualised capital cost

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Process Synthesis (6 decks)

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