A distillation column is required to purchase for a petrochemical industry. The chief engineer of the...

A distillation column is required to purchase for a petrochemical industry. The chief engineer of the industry wants to evaluate the cost of the distillation column to make his purchase worthy. The data is not available with the vendor. So chief engineer of the company predicts that the estimation by using cost index data is most suitable to determine the cost. But the cost index table is available from the year 1980 to 1990. As a chief engineer describe a procedure to calculate cost of the equipment in current year 2020.

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Amanda K answered 3 weeks ago

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