• Industry Engineering, Semester 3, position 4
• Procesna tehnika i zaštita životne sredine, Semester 3, position 4

Familiarize students with the basic concepts of economic analysis, through the study of the capital and operating costs, shortcut methods of economic optimization and economic analysis of investment.

Students will be able to: * calculate the investment costs * calculate the operating costs * determine the economic parameters of investment profitability * use the shortcut procedures for determining of the optimal pipeline diameter and optimal insulation thickness

Types of design documentation and typical economic analysis The basic functions of the equipment in process facilities Capital costs Operating costs Economic analysis of investment Shortcut economic evaluations: optimal diameter of pipeline, optimal thickness of insulation

Practical examples of calculation of: * capital costs * operating costs * economic parameters for investment analysis * the optimal diameter of pipeline and the optimal insulation thickness using shortcut methods.

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Total assigned hours: 30

New material: 10
Elaboration and examples (recapitulation): 2

Auditory exercises: 7
Laboratory exercises: 0
Calculation tasks: 5
Seminar paper: 0
Project: 0
Consultations: 0
Discussion/workshop: 0
Research study work: 0

Review and grading of calculation tasks: 2
Review and grading of lab reports: 0
Review and grading of seminar papers: 0
Review and grading of the project: 0
Test: 0
Test: 2
Final exam: 2

Activity during lectures: 10
Test/test: 60
Laboratory practice: 0
Calculation tasks: 0
Seminar paper: 0
Project: 0
Final exam: 30
Requirement for taking the exam (required number of points): 0

Genić S., Jaćimović B., Mitić S., Kolendić P., Economic analysis for process engineering (in Serbian), SMEITS, Beograd, 2014.