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Engineering economics and finance, project management, design and investment decisions, ethics, and safety in the process industry. The course loosely follows the life cycle of the financial and engineering management of a processing facility from initial planning through to full production.
Be able to estimate the capital cost of a chemical engineering processUnderstand the time value of money as it is applied to investment decisionsBe able to evaluate the economic worth of a chemical engineering processUnderstand the relationship between company accounts and engineering decisionsUnderstand social and cultural matters that might influence investment decisionsUnderstand some ethical and employment matters that might affect chemical engineersUnderstand company accounting well enough to be able to determine the effect of engineering projects on company financial statementsBe able to apply control strategies to plant design and operationUnderstand some techniques and language of data analyticsBe able to apply hazard identification methods such as HAZOP and order-of-magnitude risk estimation techniquesTopicsCapital and operating cost estimationEconomic evaluation, project management, contractsEthics, interviews, employment contractsTools for process optimisationControl strategy developmentHazard identification methods and risk estimation techniques used in the process industry (Matt Cowan, 10)
Students must attend one activity from each section.
LecturesAll except the last 10 will be given by Ken Morison. The last 10 will be given by Matt Cowan.
Towler, Gavin P. , Sinnott, R. K;
Chemical engineering design : principles, practice, and economics of plant and process design;
Bouman, R.W., Jesen, S.B., Wake, M.L. & Earl, W.B. (2005);
Process Capital Cost Estimation for New Zealand 2004,;
Bouman, R.W., Jesen, S.B., Wake, M.L. & Earl, W.B. (2005), 2005 ((Available to students on Learn)).
General Policies of the UniversityStudents may obtain the general policies of the University from the website. For example:Special considerations: http://www.canterbury.ac.nz/study/special-consideration/ Academic Appeals of Assessments: Students with concerns about assessment processes or grades should be advised to speak first with the relevant lecturer. If the matter cannot be resolved, then the student should meet and discuss the matter with the head of department/school and thereafter follow the procedures outlined in the University procedures https://www.canterbury.ac.nz/about/governance/ucpolicy/student/academic-appeals-and-grievances-principles-and-procedures/.Reconsideration of grades: If you are concerned that your final grade may be incorrect it is suggested (for CAPE) that you make an informal query to the course coordinator, but you may follow the official procedures: http://www.canterbury.ac.nz/study/examinations/result-dates-and-appeals/ Disabilities: http://www.canterbury.ac.nz/disability/
ConcernsStudents with concerns about the course should contact any of the lecturers listed above, the 3rd Pro Director of Studies (Alex Yip) or the Head of Department.
Domestic fee $1,102.00
International fee $5,500.00
* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.
For further information see
Chemical and Process Engineering.