Streamline Your Chemical Engineering Economics with ChemEng Economics Calculator
The ChemEng Economics Calculator (Network Edition) by WeBBusterZ offers a powerful tool for chemical engineers to quickly perform economic evaluations, ensuring accurate project analysis and decision making.
(A) Net Present Value- the software goes through a series of calculations to do the estimate!. Starting from,
1.Fixed Capital Investment: the ability to chose from "Purchased Cost" of plant items, hence the estimation of FIXED&TOTAL CAPITAL INVESTMENT (Direct and Indirect Costs), OR "Installed Costs" of plant items where the software will use a FIXED CAPITAL INVESTMENT multiplyer to take into accout the additional cost associated with building the plant.
2.Operating Labour: through a basic series of "Auxiliary Facilities" and "Process Equipment" lists the software will estimate the TOTAL NUMBER OF OPERATOR NEEDED & ANNUAL COST OF OPERATING LABOUR. You simply enter the "Expected Annual Salary of Operators in The Plant" and "The Number of Units", the software will then calculate the "THE NUMBER OF OPERATORS NEEDED PER SHIFT" .
3. Utilities: To calculate the "TOTAL UTILITY COSTS/YEAR".
4.Raw Materials & Profits:Calculates the ANNUAL cost of Raw Materials and ANNUAL Products Profits.
5.Production Costs: Calculate the ANNUAL Production Costs (customised calculations).
6.Assumptions: The software uses assumptions to estimate the NET PRESENT VALUE.You can customise the assumptions to suit your needs, "Plant Construction Period up to 5 Years", "Depreciation Period from 3 to 20 Years", "Plant Operation Period up to 20 Years", you can also set the "Tax Rate %", "Discounted Cash Flow Rate %" and "Salvage Value %", You can also SET INFLATION RATE. NETWORK LICENSE IS VALID FOR 3 YEARS FROM THE DATE OF GENERATION
Overview
ChemEng Economics Calculator (Network Edition) is a Freeware software in the category Business developed by WeBBusterZ Engineering Software.
The latest version of ChemEng Economics Calculator (Network Edition) is currently unknown. It was initially added to our database on 08/23/2013.
ChemEng Economics Calculator (Network Edition) runs on the following operating systems: Windows.
ChemEng Economics Calculator (Network Edition) has not been rated by our users yet.
Pros
- User-friendly interface that simplifies complex chemical engineering calculations.
- Designed specifically for chemical engineering applications, ensuring relevant functionality.
- Offers a network edition which allows multiple users to access the software simultaneously, enhancing collaboration.
- Comprehensive database of thermodynamic properties and process data for accurate calculations.
- Regular updates and support from the developer, ensuring the software stays current with industry standards.
Cons
- Initial cost may be high for small firms or individual users.
- Limited compatibility with non-engineering software which may restrict data sharing.
- Some users may find advanced features overwhelming if they are not well-versed in chemical engineering principles.
- Performance can be slowed down if too many users are connected simultaneously in the network edition.
- May require training or a learning curve for new users to fully utilize all functions.
FAQ
What is the ChemEng Economics Calculator (Network Edition)?
The ChemEng Economics Calculator (Network Edition) is a software tool developed by WeBBusterZ Engineering Software for performing financial calculations, analysis, and decision-making in the field of chemical engineering and process industries.
What are the key features of the ChemEng Economics Calculator (Network Edition)?
Some key features of the ChemEng Economics Calculator (Network Edition) include capital investment estimation, depreciation analysis, profitability analysis, cost estimation, project evaluation, sensitivity analysis, and more.
How is the Network Edition different from the standalone version of the software?
The Network Edition of the ChemEng Economics Calculator allows multiple users to access and use the software simultaneously over a network, enabling collaboration and centralized data management. The standalone version is limited to single-user access on a local machine.
Is the software user-friendly and easy to navigate?
Yes, the software is designed with a user-friendly interface that makes it easy to navigate and use. It includes detailed documentation and tutorials to help users get started quickly.
Can the ChemEng Economics Calculator handle complex financial calculations?
Yes, the software is equipped to handle complex financial calculations commonly encountered in chemical engineering projects. It supports various financial metrics and methodologies for accurate analysis.
Is technical support available for users of the software?
Yes, WeBBusterZ Engineering Software provides technical support for users of the ChemEng Economics Calculator (Network Edition). Users can reach out for assistance with installation, troubleshooting, or general usage questions.
Can customizations or additional modules be added to the software?
WeBBusterZ Engineering Software offers customization services for clients who require specific features or modules tailored to their needs. Additional modules can be added to enhance the functionality of the software based on user requirements.
Are updates and new releases included in the software license?
Yes, updates and new releases of the ChemEng Economics Calculator (Network Edition) are included in the software license. Users can access the latest features and improvements without additional cost as long as their license is active.
What platforms is the software compatible with?
The ChemEng Economics Calculator (Network Edition) is compatible with various operating systems including Windows, Mac OS, and Linux. Users can choose the version that best suits their system requirements.
Is there a free trial available for potential users to test the software?
Yes, WeBBusterZ Engineering Software offers a free trial period for potential users to test out the features and functionalities of the ChemEng Economics Calculator (Network Edition) before making a purchase decision.
Elena Angelini
I'm Elena, your go-to software reviewer at UpdateStar and tech enthusiast. Whether you're a user seeking the latest software titles or software news I've got you covered. When I'm not diving into the latest software, you can find me exploring nature trails, camping under the stars, or competing in online multiplayer games. My reviews are designed to be fun, engaging, and packed with all the details you need to make informed decisions.
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