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Cg ¶ cost of equipment to be estimated CP ¶ known cost of existing equipment Pg ¶ Capacity of new equipment PP ¶ Capacity of existing quipment e ¶ exponent with values ranging from 0.2 to 1 '0.6 is the most common( Cg CP aCEPCIgCEPCIPb 7-6 where CEPCIg ¶ Index value at present time CEPCIP ¶ Index value at time of original purchase 7.3.5.1 Cost Estimation Proper cost estimation is important in all aspects of a project. In most engineering practice, the estimation of costs receives much more attention than revenue. For this project, where the proposed dual heat source ORC system would come as a complete module from the vendor/manufacturer and would be installed as a retrofit to an existing plant, the costs, which are of significant importance, can be classified into two major groups, namely: • Direct Costs • Indirect Costs 157PDF Image | Northumbria Research Link
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