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This book is an update of a successful first edition that has been extremely well received by the experts in the chemical process industries. The authors explain both the theory and the practice of optimization, with the focus on the techniques and software that offer the most potential for success and give reliable results. Applications and case studies in optimization are presented with new examples taken from the areas of microelectronics processing and molecular modeling. Ample references are cited for those who wish to explore the theoretical concepts in more detail.
Process intensification aims for increasing efficiency and sustainability of (bio-)chemical production processes. This book presents strategies for improving fluid separation such as reactive distillation, reactive absorption and membrane assisted separations. The authors discuss computer simulation, model development, methodological approaches for synthesis and the design and scale-up of final industrial processes.
Optimization is now essential in the design, planning and operation of chemical and related processes. Although process optimization for multiple objectives was studied in the 1970s and 1980s, it has attracted active research in the last 15 years, spurred by the new and effective techniques for multi-objective optimization (MOO). To capture this renewed interest, this monograph presents recent research in MOO techniques and applications in chemical engineering. Following a brief introduction and review of MOO applications in chemical engineering since 2000, the book presents selected MOO techniques and many chemical engineering applications in detail. In this second edition, several chapters from the first edition have been updated, one chapter is completely revised and three new chapters have been added. One of the new chapters describes three MS Excel programs useful for MOO of application problems. All the chapters will be of interest to researchers in MOO and/or chemical engineering. Several exercises are included at the end of many chapters, for use by both practicing engineers and students.
In the paper we propose a model of tax incentives optimization for inve- ment projects with a help of the mechanism of accelerated depreciation. Unlike the tax holidays which influence on effective income tax rate, accelerated - preciation affects on taxable income. In modern economic practice the state actively use for an attraction of - vestment into the creation of new enterprises such mechanisms as accelerated depreciation and tax holidays. The problem under our consideration is the following. Assume that the state (region) is interested in realization of a certain investment project, for ex- ple, the creation of a new enterprise. In order to attract a potential investor the state decides to use a mechanism of accelerated tax depreciation. The foll- ing question arise. What is a reasonable principle for choosing depreciation rate? From the state’s point of view the future investor’s behavior will be rat- nal. It means that while looking at economic environment the investor choose such a moment for investment which maximizes his expected net present value (NPV) from the given project. For this case both criteria and “investment rule” depend on proposed (by the state) depreciation policy. For the simplicity we will suppose that the purpose of the state for a given project is a maximi- tion of a discounted tax payments into the budget from the enterprise after its creation. Of course, these payments depend on the moment of investor’s entry and, therefore, on the depreciation policy established by the state.
Metaheuristics exhibit desirable properties like simplicity, easy parallelizability and ready applicability to different types of optimization problems such as real parameter optimization, combinatorial optimization and mixed integer optimization. They are thus beginning to play a key role in different industrially important process engineering applications, among them the synthesis of heat and mass exchange equipment, synthesis of distillation columns and static and dynamic optimization of chemical and bioreactors. This book explains cutting-edge research techniques in related computational intelligence domains and their applications in real-world process engineering. It will be of interest to industrial practitioners and research academics.
This text explains the concepts behind process design. It uses a case study approach, guiding readers through realistic design problems, and referring back to these cases at the end of each chapter. Throughout, the author uses shortcut techniques that allow engineers to obtain the whole focus for a design in a very short period (generally less than two days).
This comprehensive work shows how to design and develop innovative, optimal and sustainable chemical processes by applying the principles of process systems engineering, leading to integrated sustainable processes with 'green' attributes. Generic systematic methods are employed, supported by intensive use of computer simulation as a powerful tool for mastering the complexity of physical models. New to the second edition are chapters on product design and batch processes with applications in specialty chemicals, process intensification methods for designing compact equipment with high energetic efficiency, plantwide control for managing the key factors affecting the plant dynamics and operation, health, safety and environment issues, as well as sustainability analysis for achieving high environmental performance. All chapters are completely rewritten or have been revised. This new edition is suitable as teaching material for Chemical Process and Product Design courses for graduate MSc students, being compatible with academic requirements world-wide. The inclusion of the newest design methods will be of great value to professional chemical engineers. Systematic approach to developing innovative and sustainable chemical processes Presents generic principles of process simulation for analysis, creation and assessment Emphasis on sustainable development for the future of process industries

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