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NBCR can be written mathematically as NPV NBCR TCI 7.3.5 Evaluation of Costs and Revenues 7-4 From the individual profitability assessment methods presented above, it can be seen that they all require the evaluation of the cost and revenue parameters. The cost parameters generally consist of the initial investment cost, operation cost and maintenance cost of the plant throughout the life of the project, while the revenue parameters include all forms of cash inflow into the project, as a result of the sale of products generated from the project or savings made through the execution of the project. In this economic evaluation, the different costs associated with the project were estimated using data obtained from the manufacturer (where available). In the absence of manufacturer data, data obtained from similar projects published in the literature were used. In cases where the capacity of the reference project and year of execution is different from the one under study, the cost is updated using either regression analysis, the sixth-tenth rule (see Equation 7-5) or the Chemical Engineering Plant Cost Index (CEPCI) (see Equation 7-6) equations respectively. where g C Cab gP P PPY 7-5 156PDF Image | Northumbria Research Link
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