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3) Develop an algorithm to determine the minimum annualized cost of the unit operation you are designing for your capstone project. Discuss: Objective function to

3) Develop an algorithm to determine the minimum annualized cost of the unit operation you are designing for your capstone project. Discuss: Objective function to minimize annualized cost. Define system boundaries Identify Primary search variable Identify Available/set variables Identify system Contraints Formulate Equations to determine equipment size as function of the primary operating variable. Ie heat loss vs insulation thickness, power required vs pipe diameter.

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