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VDI Heat Atlas pp 115-118 | Cite as

C6 Costs and Economy of Heat Exchangers

  • Bernhard Spang
  • Wilfried Roetzel
Reference work entry
Part of the VDI-Buch book series (VDI-BUCH)

1 Introduction

Heat exchangers are essential components in process technology. Therefore, the economic selection and design of heat exchangers plays an important role for the profitability of a process.

In this connection profitability means the ratio of income to costs. Income and costs are value quantities (monetary units per unit time) which are linked to the physical variables used in engineering by cost coefficients. Applying the notion of profitability to heat exchangers allows either to compare marginal cost and marginal utility of a transferred heat flow or to consider the amount of heat transferred during a period of time as an externally specified quantity. The definition of marginal values in economics is given by W. H. Bartzsch [1].

In the former case the increase in income (usually in the form of lower energy costs) must be compared to the additional cost for the higher amount of transferred heat or for heat integration ( Chap. C5). The additional costs for increasing the...

Keywords

Heat Exchanger Mass Flow Rate Centrifugal Pump Operating Expense Economic Design 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

6 Bibliography

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    Bartzsch WH (1997) Betriebswirtschaft für Ingenieure, 6th edn. VDE-Verlag, Berlin/OffenbachGoogle Scholar
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    Peters MS,Timmerhaus KD (1991) Plant design and economics for chemical engineers, 4th edn. McGraw-Hill, New YorkGoogle Scholar
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    Chisholm D et al. (1983) Costing of heat exchangers. Chap. 4.8 in: Heat Exchanger Design Handbook. Hemisphere Publishing Corporation, WashingtonGoogle Scholar
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    Purohit GP (1987) Heat exchangers, cost of double-pipe and multitube units. In: Encyclopedia of chemical processing and design, vol 25. Marcel Dekker, New York, pp 310–324Google Scholar
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    Vatavuk WM (1995) A potpourri of equipment prices. Chem Eng 102 (August): 68–73Google Scholar
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    Williams R (1947) ‘Six-tenths factor’ aids in approximating costs. Chem Eng 54:124–125Google Scholar
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    Holland FA, Wilkinson JK (1997) Process economics. Section 9 in: Perry’s chemical engineers’ handbook, 7th edn. McGraw-Hill, New YorkGoogle Scholar
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    Chemical Engineering. Access Intelligence LLC Inc., New YorkGoogle Scholar
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    Chemical Engineering Online Plant Cost Index, http://www.che.com/pcitrial/
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    Schnell H (1991) Technisch-wirtschaftliche Optimierung von Wärmeaustauschern. In: Wärmeaustauscher, Energieeinsparung durch Optimierung von Wärmeprozessen, 1st edn, Vulkan-Verlag, Essen, pp 348–353Google Scholar
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    Martin H (1998) Prediction of heat transfer from pressure drop in heat exchangers – a better tool for thermohydraulic and economic design. Proc Int Conf Heat Exchangers for Sustainable Development, Lisbon, Portugal, June 15–18, pp 249–256Google Scholar
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    Roetzel W (1983–2001) Lecture “Prozesse und Apparate der Enegietechnik”., Helmut Schmidt University, University of the Federal Armed Forces Hamburg. See also Roetzel W (1985) Comments on the paper of A. L. London and R. K. Shah, Costs of irreversibilities in heat exchanger design. Heat Transfer Eng 5(3–4):5–17 and 6(2):73Google Scholar

Copyright information

© Springer-Verlag 2010

Authors and Affiliations

  • Bernhard Spang
    • 1
  • Wilfried Roetzel
    • 2
  1. 1.BUCO Wärmeaustauscher International GmbHGeesthachtGermany
  2. 2.Helmut-Schmidt-UniversitätUniversität der Bundeswehr HamburgHamburgGermany

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