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When the purchase price of all the pumps, heat exchangers, pressure vessels, and other process equipment are multiplied by 5.0, a rough estimate of the total installed cost of the plant, including equipment, materials, construction, and engineering will be achieved. The accuracy of this estimate method usually is +/- 35%.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Specific speed N s, is used to characterize turbomachinery speed. [1] Common commercial and industrial practices use dimensioned versions which are of equal utility. Specific speed is most commonly used in pump applications to define the suction specific speed —a quasi non-dimensional number that categorizes pump impellers as to their type and proportions.
[2] [3] Martin Barnes (1968) proposed a project cost model based on cost, time and resources (CTR) in his PhD thesis and in 1969, he designed a course entitled "Time and Cost in Contract Control" in which he drew a triangle with each apex representing cost, time and quality (CTQ). [4] Later, he expanded quality with performance, becoming CTP.
Therefore, you can estimate the impact of changing one variable while keeping the others constant. When determining the ideal pump for a given application we are regularly changing the motor (i.e. altering the pump speed), or milling down the impeller diameter to tune the pump to operate at the flowrate and head needed for our system.
Interior view of a turbomolecular pump. A turbomolecular pump is a type of vacuum pump, superficially similar to a turbopump, used to obtain and maintain high vacuum. [1] [2] These pumps work on the principle that gas molecules can be given momentum in a desired direction by repeated collision with a moving solid surface.
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