CHE$5013$ Decision and Risk Analysis Homework $-$ Week $1$

Problem $1$ A new solid$-$fluid processing unit will be built as an extension to an existing refinery. It will produce $40$ tons of product per day. Your company has data from a similar process that was built in $2009$ at another refinery. The following figure presents the equipment cost for such a unit in $2009.$

a$)$ Estimate the equipment cost in December $2022.$

b$)$ Estimate the capital cost for this process in December $2022.$

Problem $2.$ Determine the cost in August $2023$ of a steam methane reformer unit with capacity $40k\frac{g}{s}.$