MODULE DESCRIPTION FORM

نموذج وصف المادة الدراسية

 

 

Module Information

معلومات المادة الدراسية

Module Title

Chemical Engineering Economics

Module Delivery

Module Type

Support

☒ Theory

☒ Lecture

☐ Lab

☒ Tutorial

☐ Practical

☐ Seminar

Module Code

CHPR305

ECTS Credits

4

SWL (hr/sem)

100

Module Leve

UGx11  UGIII

Semester of Delivery

5

Administering Department

CHPR

 College

COGE

Module Leader

Esa Abdulrasaq

 e-mail

E-mail

Module Leader’s Acad. Title

Lecturer

Module Leader’s Qualification

MSc

Module Tutor

Name (if available)

 e-mail

E-mail

Peer Reviewer Name

Name

 e-mail

E-mail

Scientific Committee Approval Date

01/06/2023

Version Number

1.0

               

 

 

Relation with other Modules

العلاقة مع المواد الدراسية الأخرى

Prerequisite module

None

Semester

 

Co-requisites module

None

Semester

 

 

 

 

 

 

 

Module Aims, Learning Outcomes and Indicative Contents

أهداف المادة الدراسية ونتائج التعلم والمحتويات الإرشادية

 Module Objectives

أهداف المادة الدراسية

 

  1. Understand the process of estimating the cost of industrial projects.
  2. Identify the factors that influence production costs and investments in industrial projects.
  3. Comprehend the concepts of capital investment and cost index.
  4. Learn the methods for calculating capital investment and evaluating profitability.
  5. Study the types of profit payment and depreciation calculation methods.
  6. Explore the concept of optimum design in relation to cost optimization.
  7. Analyze the cost estimation of mass and heat transfer equipment in industrial projects.

Module Learning Outcomes

 

مخرجات التعلم للمادة الدراسية

  1. Ability to estimate the cost of industrial projects based on relevant factors.
  2. Competence in analyzing and controlling production costs and investments.
  3. Proficiency in calculating capital investment and utilizing cost indices.
  4. Understanding of profitability assessment and different methods of profit payment.
  5. Familiarity with depreciation calculation methods and their impact on project costs.
  6. Ability to optimize designs to minimize costs while meeting project requirements.
  7. Competence in estimating the cost of mass and heat transfer equipment in industrial settings.

Indicative Contents

المحتويات الإرشادية

Indicative content includes the following.

 

Estimation of cost of the industrial projects, Factors affecting the production cost and investment, Capital investment, Cost index, Calculation of capital investment,  Profit and cost of investment, Types of profit payment, Deprecation  calculation methods, Optimum design, Cost of mass and heat transfer equipment.

 

Learning and Teaching Strategies

استراتيجيات التعلم والتعليم

Strategies

 

The main strategy that will be adopted in delivering this module is to encourage students’ participation in the exercises, while at the same time refining and expanding their critical thinking skills. This will be achieved through classes, interactive tutorials and by considering types of simple experiments involving some sampling activities that are interesting to the students.

 

 

Student Workload (SWL)

الحمل الدراسي للطالب محسوب لـ ١٥ اسبوعا

Structured SWL (h/sem)

الحمل الدراسي المنتظم للطالب خلال الفصل

30

Structured SWL (h/w)

الحمل الدراسي المنتظم للطالب أسبوعيا

4

Unstructured SWL (h/sem)

الحمل الدراسي غير المنتظم للطالب خلال الفصل

70

Unstructured SWL (h/w)

الحمل الدراسي غير المنتظم للطالب أسبوعيا

6

Total SWL (h/sem)

الحمل الدراسي الكلي للطالب خلال الفصل

125

 

 

Module Evaluation

تقييم المادة الدراسية

 

As

Time/Number

Weight (Marks)

Week Due

Relevant Learning Outcome

Formative assessment

Quizzes

2

10% (10)

5 and 10

LO #1, #2 and #3

Assignments

2

20% (20)

2 and 12

LO #3, #4 and #5

Projects / Lab.

0

10% (10)

Continuous

All

Report

1

10% (10)

13

LO #4,and #5

Summative assessment

Midterm Exam

1.5hr

10% (10)

7

LO #1 - #4

Final Exam

2hr

50% (50)

16

All

Total assessment

100% (100 Marks)

 

 

 

 

 

Delivery Plan (Weekly Syllabus)

المنهاج الاسبوعي النظري

Week 

Material Covered

Week 1

Introduction to Cost Estimation in Industrial Projects

Week 2

Factors Affecting Production Costs and Investments

Week 3

Capital Investment and Cost Index

Week 4

Calculation of Capital Investment

Week 5

Profitability Assessment and Cost of Investment

Week 6

Types of Profit Payment in Industrial Projects

Week 7

Depreciation Calculation Methods

Week 8

Optimum Design and Cost Optimization

Week 9

Cost Estimation of Mass Transfer Equipment

Week 10

Cost Estimation of Heat Transfer Equipment

Week 11

Cost Estimation Case Studies: Industrial Projects

Week 12

Risk Analysis and Cost Contingency

Week 13

Life Cycle Cost Analysis

Week 14

Cost Estimation in Project Planning and Management

Week 15

Review and Application of Cost Estimation Concepts

Week 16

Preparatory week before the final Exam

 

Delivery Plan (Weekly Lab. Syllabus)

المنهاج الاسبوعي للمختبر

Week 

Material Covered

Week 1

 

Week 2

 

Week 3

 

Week 4

 

Week 5

 

Week 6

 

Week 7

 

Week 8

 

Week 9

 

Week 10

 

Week 11

 

Week 12

 

Week 13

 

Week 14

 

 

Learning and Teaching Resources

مصادر التعلم والتدريس

 

Text

Available in the Library?

Required Texts

Textbook 1: "Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design" by Gavin Towler and Ray Sinnott

No

Recommended Texts

Textbook 2: "Estimating in Building Construction" by Steven Peterson and Frank Dagostino

No

Websites

https://www.sciencedirect.com/book/9780128211793/chemical-engineering-design

                         

                                                                     Grading Scheme

مخطط الدرجات

Group

Grade

التقدير

Marks %

Definition

Success Group

(50 - 100)

A - Excellent

امتياز

90 - 100

Outstanding Performance

B - Very Good

جيد جدا

80 - 89

Above average with some errors

C - Good

جيد

70 - 79

Sound work with notable errors

D - Satisfactory

متوسط

60 - 69

Fair but with major shortcomings

E - Sufficient

مقبول

50 - 59

Work meets minimum criteria

Fail Group

(0 – 49)

FX – Fail

راسب (قيد المعالجة)

(45-49)

More work required but credit awarded

F – Fail

راسب

(0-44)

Considerable amount of work required

 

 

 

 

 

 

Note: Marks Decimal places above or below 0.5 will be rounded to the higher or lower full mark (for example a mark of 54.5 will be rounded to 55, whereas a mark of 54.4 will be rounded to 54. The University has a policy NOT to condone "near-pass fails" so the only adjustment to marks awarded by the original marker(s) will be the automatic rounding outlined above.