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Course Overview

• Use existing simulation models to evaluate project economics and maximize your return on investment
• Learn to develop an economic evaluation and proposed design using Aspen Process Economic Analyzer
• Obtain detailed design results for both equipment and installation bulks with minimal input, and by integrating operating cost, capital cost, and schedule
• Learn to analyze different process alternatives in simulation and determine the more profitable approach
Benefits
• Maximize your company’s return on investment (ROI) and reduce the risk involved in making decisions
• Define your project more accurately by integrating operating cost, capital cost, and schedule
• Reduce estimation variability by adopting a consistent methodology
• Increase costing accuracy by generating detailed reports for analysis, traceable to line items not lump sums of money
• Evaluate various design options based on cost considerations and identify lowest cost designs

Course Objective


Learn to develop an economic evaluation and proposed design using Aspen Process Economic Analyzer. Obtain detailed design results for both equipment and installation bulks with minimal input, and by integrating operating cost, capital cost, and schedule. Learn to analyze different process alternatives in simulation and determine the more profitable approach. Learn to show the utility usage for your process. Learn to adjust construction wages and to adjust the system calculations to reflect your local cost.

Audience


• Process, project, plant or research and development engineers, and technology licensors who need basic training to get started as primary users of Aspen Process Economic Analyzer
• Estimators and discipline engineers, who as secondary users of Aspen Process Economic Analyzer, need some basic training

Approach


• Instruction on basic topics
• Discussion about the general approach and the key elements for successful simulations and estimates
• Instructor-guided demonstrations of features
• Hands-on workshops that apply learned concepts
• Detailed course notes