Process Economics Syllabus for B.Tech Seventh sem is covered here. This gives the details about credits, number of hours and other details along with reference books for the course.
The detailed syllabus for Process Economics B.Tech 2016-2017 (R13) seventhsem is as follows
OBJECTIVE:
The objective of this course is to teach principles of cost estimation, feasibility analysis, management, organization and quality control that will enable the students to perform as efficient managers.
UNIT I : PRINCIPLES OF MANAGEMENT AND ORGANISATION [12 Hours]
Planning, organization, staffing, coordination, directing, controlling, communicating, organization as a process and a structure; types of organizations. Method study; work measurement techniques; basic procedure; motion study; motion economy; principles of time study; elements of production control; forecasting; planning; routing; scheduling; dispatching; costs and costs control, inventory and inventory control.
UNIT II : INVESTMENT COSTS AND COST ESTIMATION [8 Hours]
Time Value of money; capital costs and depreciation, estimation of capital cost, manufacturing costs and working capital, capital budgeting and project feasibility.
UNIT III : PROFITABILITY, INVESTMENT ALTERNATIVE AND REPLACEMENT [9 Hours]
Estimation of project profitability, sensitivity analysis; investment alternatives; replacement policy; forecasting sales; inflation and its impact.
TOTAL : 45 PERIODS
OUTCOME:
At the end of this course, the students will have knowledge on cost and asset accounting, time value of money, profitability, alternative investments, minimum attractive rate of return, sensitivity and risk analysis.
TEXT BOOKS:
- Peters, M. S. and Timmerhaus, C. D. RE West , “Plant Design and Economics for Chemical Engineers”, III Edn, McGraw Hill, 2003.
- Holand, F.A., Watson, F.A. and Wilkinson, J.K., “Introduction to process Economics”, 2nd Edn, John Wiley, 1983.
- Narang, G.B.S. and Kumar, V., “Production and Costing”, Khanna Publishers, New Delhi.
- Banga T.R., and Sharma S.C., Industrial organisation and engineering economics, Khanna Publishers, New Delhi.
REFERENCES:
- Allen, L.A., “Management and Organization”, McGraw Hill.
- Perry, R. H. and Green, D., “Chemical Engineer’s Handbook “, 7th Edition, McGraw Hill.
For all other B.Tech CH 7th sem syllabus go to Anna University B.Tech CHEMICAL ENGINEERING (CH) 7th Sem Course Structure for (R13) Batch. All details and yearly new syllabus will be updated here time to time.
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