Course syllabus

010313308-66 เศรษฐศาสตร์และการประเมินต้นทุนทางวิศวกรรมเคมี (Chemical Engineering Economics and Cost Estimation)

Course Syllabus

Data entry : Asst.Prof. Dr.Prakorn Kittipoomwong
1. Course number and name

010313308-66 เศรษฐศาสตร์และการประเมินต้นทุนทางวิศวกรรมเคมี (Chemical Engineering Economics and Cost Estimation)

2. Credits and contact hours

3(3-0-6)

3. Instructor’s or course coordinator’s name

Asst.Prof. Dr.Prakorn Kittipoomwong
Asst.Prof. Dr.Monpilai Narasingha

4. Text book, title, author, and year

  1. Engineering Economy, Leland Blank and Anthony Tarquin, 8th edition, McGraw – Hill., 2018
  2. Plant Design and Economics for Chemical Engineers, Max S. Peters, Klaus D. Timmerhaus, and Ronald E. West, 5th edition, McGraw - Hill., 2004.

5. Specific course information

  1. brief description of the content of the course (catalog description)
    Engineering economics, accounting data, and financial statements in the chemical industry; cost estimation of chemical process equipment, estimation of capital requirements and operating expenses; economic evaluation in chemical engineering plant design, economic evaluation for alternative selection and investment of chemical processes.
  2. prerequisites or co-requisites
  3. indicate whether a required, elective, or selected elective (as per Table 5-1) course in the program
    Required :

6. Specific goals for the course

  1. specific outcomes of instruction (e.g. The student will be able to explain the significance of current research about a particular topic.)
    1. CLO1 Ability to identify, formulate, and solve engineering economic problems by applying engineering economic principles, cost estimation methods, and financial analysis techniques to evaluate and compare alternative engineering solutions.
    2. CLO2 Ability to demonstrate awareness and intentionally practice the skills and disciplines necessary to increase self-effectiveness, self-support, communication skills, and problem-solving skills.
  2. explicitly indicate which of the student outcomes listed in Criterion 3 or any other outcomes are addressed by the course.
    ABET Student Outcome (SO) Listed in Criterion 3 Performance indicator
    SO1 an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics.
    • PI-11 Formulate the problem and identify key issues/variables
    • PI-12 Recognize the need for multiple solutions
    • PI-13 Analyze alternative solutions to an engineering problem
    • PI-14 Justify a solution to an engineering problem
    SO4 an ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts.
    • PI-41 Identify the global, economic, environmental, and societal context of an engineering situation
    • PI-42 Describe ethical and professional responsibilities related to an engineering project
    • PI-43 Explain the impact of engineering decisions in a global, economic, environmental, and societal context.
    SO7 an ability to acquire and apply new knowledge as needed, using appropriate learning strategies.
    • PI-71 Identify necessary techniques, skills and tools for a new situation (research)
    • PI-72 Explain the use of the new techniques, skills and tools (acquisition)
    • PI-73 Apply the new techniques, skills and tools to the given situation

7. Brief list of topics to be covered
Week Topic Details Activities
1-15 • Orientation • Foundations of Engineering Economics • Factors and Combining Factors • Nominal and Effective Interest Rates • Present Worth Analysis • Future Worth Analysis • Annual Worth Analysis • Life-Cycle Cost Analysis • Rate of Return Analysis
8. Course Assessment
Course assessment Weight score (%) Assessment tools Date
Assignment 10 assignment
Formative 1 30 midterm examination
Formative 2 30 midterm examination
Industrial-Based Project 30 Problem based learning

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