A systematic approach to profit optimization utilizing strategic solutions and methodologies for the chemical process industry In the ongoing battle to reduce the cost of production and increase profit margin within the chemical process industry, leaders are searching for new ways to deploy profit optimization strategies. Profit Maximization Techniques For Operating Chemical Plants defines strategic planning and implementation techniques for managers, senior executives, and technical service consultants to help increase profit margins. The book provides in-depth insight and practical tools to help readers find new and unique opportunities to implement profit optimization strategies. From identifying where the large profit improvement projects are to increasing plant capacity and pushing plant operations towards multiple constraints while maintaining continuous improvements—there is a plethora of information to help keep plant operations on budget. The book also includes information on: ● Take away methods and techniques for identifying and exploiting potential areas to improve profit within the plant ● Focus on latest Artificial Intelligence based modeling, knowledge discovery and optimization strategies to maximize profit in running plant. ● Describes procedure to develop advance process monitoring and fault diagnosis in running plant ● Thoughts on engineering design , best practices and monitoring to sustain profit improvements ● Step-by-step guides to identifying, building, and deploying improvement applications For leaders and technologists in the industry who want to maximize profit margins, this text provides basic concepts, guidelines, and step-by-step guides specifically for the chemical plant sector.

The conference on ‘Interdisciplinary Research in Technology and Management” was a bold experiment in deviating from the traditional approach of conferences which focus on a specific topic or theme. By attempting to bring diverse inter-related topics on a common platform, the conference has sought to answer a long felt need and give a fillip to interdisciplinary research not only within the technology domain but across domains in the management field as well. The spectrum of topics covered in the research papers is too wide to be singled out for specific mention but it is noteworthy that these papers addressed many important and relevant concerns of the day.

Master's Thesis from the year 2017 in the subject Business economics - Accounting and Taxes, grade: 4, , course: Cost and Accounting, language: English, abstract: This study attempts to investigate the degree of Adoption of cost and management accounting techniques in Selected Manufacturing companies in and around Addis Ababa, Ethiopia. Further, factors affecting the adoption of those techniques were examined. Finally, the perceived effect of adopting these techniques on the company’s operating efficiency and financial performance were evaluated. In doing so, Descriptive and explanatory research design were used for achieving multi-dimensional objectives of this study. Simple Proportional Allocation stratified sampling Technique was employed for determining the sample size from each stratum of manufacturing firms. Total sample of 91 manufacturing firms in and around Addis Ababa were included in this study & structured survey Questionnaires were distributed to each of them. Consequently, 65 usable Questionnaires were collected back and used for analysis and discussion of results. The finding of this study revealed that, currently selected Ethiopian manufacturing firms in study area are gradually adopting cost and management accounting techniques. In today’s competitive world of business, having accurate information is the key factor in distinguishing between the loser and the winner. Cost and management accounting embraces a range of techniques essential to all phases of product life cycle from providing reliable information for strategic decision making to managing construction and maintenance of costs.

Filling a gap in the literature for a practical approach to the topic, this book is unique in including a whole section of case studies presenting a wide range of applications from polymerization reactors and bioreactors, to distillation column and complex fluid catalytic cracking units. A section of general tuning guidelines of MPC is also present.These thus aid readers in facilitating the implementation of MPC in process engineering and automation. At the same time many theoretical, computational and implementation aspects of model-based control are explained, with a look at both linear and nonlinear model predictive control. Each chapter presents details related to the modeling of the process as well as the implementation of different model-based control approaches, and there is also a discussion of both the dynamic behaviour and the economics of industrial processes and plants. The book is unique in the broad coverage of different model based control strategies and in the variety of applications presented. A special merit of the book is in the included library of dynamic models of several industrially relevant processes, which can be used by both the industrial and academic community to study and implement advanced control strategies. Zoltán K. Nagy received his PhD from Babes-Bolyai University of Cluj, where he worked as a lecturer until 2005. Before taking up his current appointment as a faculty member at Loughborough University, UK, he was NATO research fellow and visiting lecturer at the University of Illinois at Urbana-Champaign, and research associate at the University of Stuttgart, University of Heidelberg and ETH Zürich. His main research interest is in the model based control and optimization of chemical processes. He worked on industrial implementation of model-based control strategies with companies such as BASF and ABB, and has published over 80 papers in the field. Arpad Imre-Lucaci received his M.S. and Ph.D. degrees in chemical engineering from Babes-Bolyai University of Cluj-Napoca in 1985 and 1999, respectively. Since 1988 he has worked in the Chemical Engineering Department of BBU Cluj-Napoca, Romania, and spent research stays at University of Stuttgart (1994) and ETH Zürich (in 2002 and 2003). His main research fields are mathematical modeling, simulation and optimization in process industries, on which he has published over 20 scientific papers. Cristea Vasile Mircea graduated the Faculty of Electrotechnics, Romania, with specialization on process control and computer science and holds a Ph.D. degree in process control. After 8 years spent in industry he is at present Associate Professor at Babes-Bolyai University, Cluj-Napoca; his interests lie in systems theory, chemical process control, advanced process control, data acquisition and control, linear and nonlinear model based predictive control, and fuzzy control. He was director of CNCSIS Projects and has published 3 books as well as over 55 scientific papers. Professor Paul Serban Agachi graduated in 1970 in Control Engineering at the Politehnica University of Bucharest. Obtained his Ph.D. in Chemical Engineering from the University Petroleum & Gas Ploiesti, Romania. Professional experience: design engineer, system analyst, researcher in fuel cells, process modeling, optimization and control. At present, professor of Process Control at the Department of Chemical Engineering of Babes-Bolyai University, Cluj-Napoca and member of the Academy of Technical Sciences of Romania. He has been visiting associate at California Institute of Technology, invited professor at Eötvös Lorand University, UNESCO Higher Education consultant. He has published 8 books and 96 scientific papers.

Chemical Engineering Design, Second Edition, deals with the application of chemical engineering principles to the design of chemical processes and equipment. Revised throughout, this edition has been specifically developed for the U.S. market. It provides the latest US codes and standards, including API, ASME and ISA design codes and ANSI standards. It contains new discussions of conceptual plant design, flowsheet development, and revamp design; extended coverage of capital cost estimation, process costing, and economics; and new chapters on equipment selection, reactor design, and solids handling processes. A rigorous pedagogy assists learning, with detailed worked examples, end of chapter exercises, plus supporting data, and Excel spreadsheet calculations, plus over 150 Patent References for downloading from the companion website. Extensive instructor resources, including 1170 lecture slides and a fully worked solutions manual are available to adopting instructors. This text is designed for chemical and biochemical engineering students (senior undergraduate year, plus appropriate for capstone design courses where taken, plus graduates) and lecturers/tutors, and professionals in industry (chemical process, biochemical, pharmaceutical, petrochemical sectors). New to this edition: - Revised organization into Part I: Process Design, and Part II: Plant Design. The broad themes of Part I are flowsheet development, economic analysis, safety and environmental impact and optimization. Part II contains chapters on equipment design and selection that can be used as supplements to a lecture course or as essential references for students or practicing engineers working on design projects. - New discussion of conceptual plant design, flowsheet development and revamp design - Significantly increased coverage of capital cost estimation, process costing and economics - New chapters on equipment selection, reactor design and solids handling processes - New sections on fermentation, adsorption, membrane separations, ion exchange and chromatography - Increased coverage of batch processing, food, pharmaceutical and biological processes - All equipment chapters in Part II revised and updated with current information - Updated throughout for latest US codes and standards, including API, ASME and ISA design codes and ANSI standards - Additional worked examples and homework problems - The most complete and up to date coverage of equipment selection - 108 realistic commercial design projects from diverse industries - A rigorous pedagogy assists learning, with detailed worked examples, end of chapter exercises, plus supporting data and Excel spreadsheet calculations plus over 150 Patent References, for downloading from the companion website - Extensive instructor resources: 1170 lecture slides plus fully worked solutions manual available to adopting instructors