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A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
It is widely used in industrial engineering to calculate the capital and operating costs of a plant. [ 1 ] [ 2 ] [ 3 ] The factors were introduced by H. J. Lang and Dr Micheal Bird in Chemical Engineering magazine in 1947 as a method for estimating the total installation cost for plants and equipment.
It is evident from this equation that the economic batch quantity increases as the annual requirements or the preparation and setup costs increase that is, they are (not directly) proportional to each other. Similarly, it is also clear that the economic batch quantity decreases as the cost per piece and inventory carrying rate increase.
Microsoft Excel is a spreadsheet editor developed by Microsoft for Windows, macOS, Android, iOS and iPadOS.It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA).
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Table 1 - Hydraulic Cement – World Leading Producers (million metric tons) [1] Country 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Brazil 72 70 69 64 59 52 52 46 40 37 38 40 38 40 39 China (PRC) 2,500 2,420 2,210 2,100 1,880 1,630 1,390 1,350 1,200 1,040 934 813 705 627 583 Egypt 50 50 46 44 48 47 40 38 29 29 28 29
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