April 2002

Special Report: Plant Design and Retrofitting

Improve the capital investment decision-making process

A comprehensive workflow methodology and supporting technology framework offer a solid approach to strategically managing assets, before a company invests major resources

K. Loudermilk and R. L. Steinberger, Aspen Technology, Inc., Rockville, Maryland In the global process industries, the object of a project's economic analysis is to identify the most effective investment opportunities and strategies to pursue well in advance of actually making an investment. The "best" engineering design does not necessarily ensure that a company will achieve the desired return on investment capital or achieve the targeted rate of return on invested capital. Accomplishing a comprehensive investment decision means blurring the lines between the traditional engineering disciplines of process, mechanic

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