Development of Cost Correlations for the Economic Assessment of Power Plant Equipment

A comprehensive cost correlation analysis was conducted based on available correlations, and new equipment models were proposed QUE$TOR modeling. Cost correlations for various types of such as pumps, compressors, heat exchangers, air coolers, pressure vessels generated the basis extracted data. The derived robust multivariable regression with aim minimizing residuals by using genetic algorithm. compressor both centrifugal reciprocating showed that Turton estimation carbon steel Matche’s Mhhe’s data compatible model. According to results, trend in had a somewhat lower than these correlations. Further, close presented model bullet sphere types. U-tube shell-and-tube exchangers shell stainless tube exchanger Furthermore, flat-plate similar slight difference.