1
Q
Why is process control needed?
A
Respond to external disturbances
Ensure safe operation
Respond to changes in production objectives
2
Q
Gross Margin
A
Value of products - Cost of raw materials
3
Q
Economic Potential
A
Value of products - (fixed costs + Variable Costs + Taxes)
4
Q
Capital Investment
A
Cost of equipment
Working capital
5
Q
Total annualised cost
A
Operating costs + annualised capital cost
Process Synthesis
flashcards
Decks in class (6)
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