In Equation (8.2), the cost of raw materials, C RM , is multiplied by a factor of

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In Equation (8.2), the cost of raw materials, CRM, is multiplied by a factor of 1.23. The reason for this is that, in general, the estimated cost of raw materials is expected to be about 20% low and a correction factor of 1.23 is added to adjust for this. Do you agree with this explanation? If you do not, give another reason for using the factor of 1.23.
COMA 0.180 FCI +2.73COL + 1.23(CUT + CWT + CRM) (8.2)

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Analysis Synthesis And Design Of Chemical Processes

ISBN: 9780134177403

5th Edition

Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting

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