Plant Economics and Technology

Learning objectives

The students are enabled to understand the techno-economic issues associated with the life cycle of industrial plants. This comprises also linked topics of technology assessment and management. After completion of this module the students are able to characterise plant economic tasks and apply exemplary methods to fulfil these. They discuss the achievements and shortcomings of these methods for a practical application. They are able to transfer these contents to an application in practice.

Contents of the course

• Introduction to Plant Economics and Technology
• Life cycle of industrial plants
• Analysis and modelling of industrial production systems
• Project management in engineering
• Network and facility location planning
• Process design
• Investment estimation
• Cost estimation
• Plant and process optimisation
• Maintenance and repair
• Quality Management
• Re-location, dismantling and recycling
• Technology assessment and management