Your group is being offered the opportunity to take over the management of a design of a process
for the manufacture of ethylbenzene from feedstocks of benzene and ethylene for International
Chemicals Incorporated (the other ICI), after the termination of the services of the previous company
working for ICI, Emek Projects Ltd (EPL). Your design should produce 90,000 metric tons/year (T/yr)
of ethylbenzene with a purity of at least 99.5 mol %, at the market price of $1.00/kg, from benzene, at a
cost of 90 cents/kg, and ethylene, at a cost of $0.30/kg. Note that both of the feedstocks contain
impurities (the benzene contains 2 mol % toluene, and the ethylene contains 7 mol % ethane).
The process must be designed to maximize its profitability, quantified in terms of the following
measures: (a) Return on Investment (ROI); (b) Payback Period (PBP); (c) Venture Profit (VP), which
estimates the annual profit above the return of 20% interest to our venture profit partners. Figures 1 and
2 show the design proposed by EPL, with a VP of -$9,130,000, that is an annual loss of over 9 million
dollars. The EPL flowsheet can be simulated in UNISIM using the file EB_PROCESS_V1.usc, which
we are supplying to your group. EPL stated in their report that “This poor economic performance is due
to the relatively low market price for ethylbenzene, in comparison to the high prices of the raw materials
required. It is impossible to make the process more profitable without a significant increase in this
price.” We believe that it is possible to make a profit and that poor engineering practice is the reason
for the EPL failure, and for that reason, EPL are no longer working with us.
This document provides detailed technical information about the ethylbenzene process, lists the
modifications to the flowsheet that are allowed, the product specifications, process constraints, costs of
raw materials and selling prices of the products, and equipment and utility costs.
Your design is to be submitted as a technical report, supported by UNISIM and MS Excel files,
emailed to me (jmactavish15@gmail.com) no later than Monday, 21st January 2019, 12:00. The
specifications for the report are also given in this document.
Sincerely,
Joe McTavish
Vice President and Chief Technology Officer (CTO)
International Chemicals Incorporated
Project_2019_v1.doc 15/09/2018
Figure 1. The EPL design for the reactor section of the ethylbenzene process (see EB_PROCESS_V1.usc).
Figure 2. The EPL design for the separations section of the ethylbenzene process (see EB_PROCESS_V1.usc).
Ethylbenzene (EB) is produced from direct reaction between benzene and ethylene, in a process
involving two connected sections: the reaction section (see Figure 1) and the separations section (see
Figure 2). The objective is to produce the required amount of EB, while restricting the production of
diethylbenzene (DEB).
The design proposed by EPL achieves these objectives: A refinery cut of benzene is fed from storage to
an on-site process vessel (V-301), where it is mixed with the recycled benzene. From V-301, it is
pumped to a reaction pressure of approximately 2000 kPa (20 atm) and sent to a fired heater (H-301) to
bring it to reaction temperature. The preheated benzene is mixed with feed ethylene just prior to entering
an adiabatic packed-bed reactor (R-301), where reaction occurs in the gas phase and is exothermic. The
hot, partially converted reactor effluent leaves R-301, and is fed to E-301, where the stream is cooled to
350°C while generating high pressure steam (HPS), and then to E-302, where it is cooled to 255°C,
while generating intermediate pressure steam (IPS). The effluent stream leaving the reactor contains
products, by-products, unreacted benzene, and small amounts of unreacted ethylene and other
noncondensable gases. The reactor effluent is further cooled in two waste-heat boilers (E-303 and E-
304), in which high-pressure and intermediate-pressure steam, respectively, are generated.
The two-phase mixture leaving E-304 is sent to a trim cooler (E-305), where the stream is cooled to
80°C, and then to a two-phase separator (V-302), where the light gases are separated and sent overhead
as fuel gas. The condensed liquid is then sent to the Benzene tower, T-301, where the unreacted benzene
is separated as the overhead product and returned to the front end of the process. The bottoms product
from the first column is sent to T-302, where product EB is taken as the top product. The bottoms product
from T-302 contains all the DEB and trace amounts of ethylbenzene. This stream is mixed with recycle
benzene, pumped at 20 bar through a fired heater (H-302) prior to being sent to a second packed-bed
reactor (R-302), in which the excess benzene is reacted with the DEB to produce EB and unreacted
benzene. The effluent from this reactor is mixed with the liquid stream entering the waste-heat boiler
(E-303).
The reaction between EB and ethylene to produce DEB also takes place:
C6 H 5 C 2 H 5 + C 2 H 2 → C6 H 4 ( C 2 H 5 )2 (2)
Ethylbenzene Ethylene diethlbenzene
Additional reactions between DEB and ethylene yielding triethylbenzene (and higher) are also possible.
However, in order to minimize these additional reactions, the molar ratio of benzene to ethylene is kept
high (this must be maintained at 3:1 or higher). The production of DEB is undesirable, and its value as
a side product is low. In order to maximize the production of the desired EB, the DEB is separated and
returned to a separate reactor in which excess benzene is added to produce EB via the following reaction:
C6 H 4 ( C2 H 5 )2 + C6 H 6 → 2C6 H 5 C2 H 5 (3)
diethlbenzene Benzene Ethylbenzene
The incoming benzene contains a small amount of toluene impurity. The toluene reacts with ethylene
to form ethyl benzene and propylene:
C6 H 5 CH 3 + 2C2 H 2 → C6 H 5 C2 H 5 + C3 H 6
Toluene Ethylene Ethylbenzene Propylene
(4)
The reaction kinetics derived for a new catalyst are given as:
− ri =k0,i e − Ei RT a
CEthylene b
CEB c
CToluene d
CBenzene e
CDEB (5)
where i is reaction number (i) above, and the following relationships pertain:
Ei
i k0,i a b c d e
kcal/kmol
1 22,500 1.00×106 1 0 0 1 0
2 22,500 6.00×105 1 1 0 0 0
3 25,000 7.80×106 0 0 0 1 1
4 20,000 3.80×108 2 0 1 0 0
The units of ri are kmol/s/m3-reactor, the units of Ci are kmol/m3-gas, and the units of k0,i vary
depending upon the form of the equation.
free to be chosen as you see fit – and this may be selected to be different for each heat
exchanger).
Before beginning work on the project, you need to sign up your group by sending Joe MacTavish a list
of your group members by email, and I will assign you a group number. Each group number has an
assigned value of ∆Tmin for STEP 2, parts (a)-(d), as per Table A.
Group 1 2 3 4 5 6 7 8 9 10
∆Tmin 5 oC 5.5 oC 6 oC 6.5 oC 7 oC 7.5 oC 8 oC 8.5 oC 9 oC 9.5 oC
Group 11 12 13 14 15 16 17 18 19 20
∆Tmin 10 oC 10.5 oC 11 oC 11.5 oC 12 oC 12.5 oC 13 oC 13.5 oC 14 oC 14.5 oC
Getting help.
1. ICI staff other than Mr. Joe McTavish (Prof. Lewin, Ms. Abigail Landman and Mr. Oren
Elishav) can be contacted only for consulation on technical issues concerning UNISIM usage.
In this regard, please note that none of these individuals will offer suggestions concerning
engineering judgement, which is your responsibility. Note also that the multimedia support
materials on UNISIM usage is available on site, and you are expected to review these materials
before seeking assistance from the staff.
2. Any questions regarding the rules of the project tender, should be addressed only to the CTO of
ICI, in writing, by email to: jmactavish@gmail.com. Joe intends to open a forum thread, where
he intends to reproduce general questions that you raise, with his responses. Please see also
Modifications to the Flowsheet that are Allowed and Disallowed.
1. EuroSI units are to be used throughout, with the exception of certain spreadsheets that perform
costing of vessels, which use field units.
2. There are two types of adiabatic catalytic PFR reactors which can be used:
a. A reactor in which the catalyst promotes the main reaction to ethylbenze (Reaction 1),
together with side reactions (Reactions 2 and 4). The molar feed ratio of
benzene/ethylene must be 3:1 or higher.
b. A reactor in which the catalyst promotes the reaction of DEB to ethylbenzene to
ethylbenze (Reaction 3), together with side reactions (Reaction 1 and 4).
The only reactors that can be used are adibatic PFRs using one of the two sets of reactions as
above. Both reactors must be operated at 20 bar.
3. Pressure drops in reactors, furnaces, distillation columns and heat exchangers are neglected.
4. Column and reactor heights must be no greater than 175 ft. For distillation columns, note that a
tray spacing of 2 ft must be adhered to.
5. Keep in mind that UNISIM does not have the capability of modelling solid phases – if a stream
is cooled below the melting temperature of one or more chemicals in that stream, it will still
incorrectly show up in UNISIM as a liquid. It is your responsibility to do reality checks in
such circumstances.
where GP is the gross profit in $/year, S are the revenues on products (sales) in $/year, and C are the
total production costs, consisting of the sum of the following components (as shown in Week 4):
F – the annual cost of feedstocks (cell C10 in the spreadsheet ECONOMICS)
W – the annual penalty for CO2 emissions penaties (cell C11)
U – the annual cost of utilities (cell C15)
O – the annual cost of labor-related operations. As shown in class, for this fluid-processing
process, which involves two plant sections, this component costs $973,000/year (cell C16).
M – the annual cost of maintenance (8.05% of CTDC, the total depreciable capital) (cell C17)
OV – the annual operating overhead (22.8% of the sum of O and M) (cell C18)
T&I – the annual taxes and insurance (2% of CTDC) (cell C19)
D – the annual depreciation (8% of CTDC) (cell C20)
GEN – general expenses, taken here as 5% of S (cell C22)
The Economic Potential (EP) is a useful preliminary indicator for feasibility (cell C13):
EP = S − F − W , (7)
as a positive EP is simply in indication that the cost of raw materials and of waste disposal do npot
exceed the revenue from sales of products.
Obviously, we are interested in designing a process that maximizes GP, while minimizing the
total capital investment (TCI), computed using Guthrie’s method:
CTCI = CTDC + CWC = 1.15CTDC
1.18 ( CTBM + Csite + Cbuildings + Coffsite facilities ) 1.18 (1.14CTBM ) (8)
=
CTDC =
where CTBM is the sum of the bare modules costs of each equipment item (accounting for material and
pressure factors) and, noting separate bare-modules factors for each type of equipment (as shown in
the lecture notes for Week 3). Note that the total depreciable capital, CTDC, is also computed using
Guthrie’s method, and, like the TCI, is used for profitability analysis.
The revenues and raw materials costs are estimated on the basis of 24 hr/day, 330 day/year
operation of the process, and using the material balances obtained from UNISIM, and the itemized
materials listed in sections (f) and (g) below. Methods for the estimation for equipment purchase costs
are itemized in section (h). Finally, the cost of utilities is estimated using Table B in section (j), which
lists the annual cost per 106 kcal/hr or kW for each utility.
The three profitability measures that will be used to assess the design are as follows:
a) ROI – Return on investment, computed as:
GP (1 − t )
ROI = 100 [%] (9)
CTCI
where t is the tax rate (we will use a value of t = 0.25). Note that the above expression does not account
for the time value of money. More rigorous expressions will be used next semester 1. For the assessment
of the design, the expression of Eq. (9) suffices. A value of 25% for ROI is considered promising.
b) PBP – Pay back period, approximated by the expression:
CTDC
PBP = [years]
GP (1 − t ) + D
(10)
As stated in Seider et al (2004), it is unlikely that a project with a PBP of more than 4 years would be
considered.
c) VP – Venture profit, approximated by:
= GP (1 − t ) − im CTCI [$/year]
VP (11)
where im is the minimum acceptable rate of return payable to venture capitalists that finance the
project, take here as im = 0.2. Clearly, we are interested in a large positive value for VP.
Fuel Gas
1
See the course notes for 054416 and Chapter 17 of Seider et al (2017) for more details.
Page 9 © D. R. Lewin 2019
054416 – Integrated Process Design – Design Project Definition 2019
Specifications: A gaseous stream of variable organic composition can be used as fuel gas. There are no
restrictions on its flowrate, temperature and pressure, provided it is a gas.
Revenues: $0.30/kg.
CO2 Emissions Penalty
The furnaces used in the process are powered by burning fuel gas, which generates CO2 emissions, taxed
at 2 cents per kg of CO2 emitted. The flow rate of CO2 emissions is estimated at 4.3181×10-4 kg/hr, for
each kcal/hr of furnace duty.
Waste Streams
Other than the ethylbenzene product and fuel gas by-product that generate revenue, any other liquid
effluent stream is subject to a disposal cost of $0.50/kg.
A word on materials of construction: Most of the processing equipment can be constructed from
carbon steel. Stainless steel should be used for reactors that operate above 300oC, and for the furnace
tubes, given their high operating temperatures, and also for the distillation column trays.
CPI (Chemical Price Index) – In the following sections, all equipment costs and costs of energy are
given for a CPI index of 567 (for the year 2013). To update these to current prices, use an index of 700.
Thus for example, to estimate the current purchase cost of an equipment item listed below as $ CX , the
cost is caclulated as follows:
700
C2019 = Cx (12)
567
In the spreadsheet ECONOMICS, Eq. (12) is implemented on the total cost of all equipment and the
total cost of all utilities in cells I18 and J18, respectively.
A word on the computation of TBM for equipment: In what follows, you will find equations for the
computation of FOB costs of equipment items. To calculate the bare modules costs (TBM), one needs to
multiply the FOB purchase cost with the appropriate the bare modules factors (FBM) for each equipment
item, as covered in Lecture 3. For your convenience, these factors are reproduced here:
where Q is the furnace duty in Btu/hr, and FM = 1.7 for stainless steel tubes (recommended for furnaces).
The above equation holds for furnace duties in the range 10-500 million Btu/hr.
Low pressure reaction vessels (in the EPL design – R-301 and R-302).
These are packed bed reactors, and can be designed as either vertical or horizontal vessels. The purchase
costs include the cost of the pressure vessels and platforms and ladders (to allow operator access), and
also the cost of the catalyst at $500/ft3. The purchase cost of a pressure vessel is computed as a function
of its weight (in lb), which is estimated using:
π ( Di + tS )( Li + 0.8 Di ) tS ρ [lb]
W= (14)
where Di and Li are the vessel diameter and length, respectively (in inches), ρ is the density of steel
(0.284 lb/in3) and tS is the shell thickness (in inches), computed using:
Pd Di
tS = [inch] (15)
2 SE − 1.2 Pd
where the allowable stress is taken as S = 13,750 psi, the weld efficiency is taken as E = 0.85, and the
design pressure, Pd (in psig), is estimated using the expression in Seider et al (2003), pg. 529:
Pd exp 0.60608 + 0.91615 ln ( PO ) + 0.0015655 ln ( PO ) [psig]
2
= (16)
where PO is the vessel operating pressure (in psig). Note that the shell thickness, computed using Eq.
(13) for low operating pressures may be too small to give sufficient rigidity to vessels. Accordingly, the
following minimum wall thicknesses should be used:
For a vertical pressure vessel, the purchase cost is estimated using the expression (valid for 4,200 < W
< 1,000,000 lb):
= exp 7.139 + 0.18255 ln (W ) + 0.02297 ln (W ) FM [$ f.o.b.]
2
CV ,VERT (17)
where FM is the material factor (1.0 for carbon steel, and 2.1 for stainless steel). A vertical vessel is also
equipped with platforms and ladders, whose costs are estimated using the expression (valid for 3 < D <
21 ft and 12 < L < 40 ft):
CPL = 410 D 0.73960 L0.70684 [$ f.o.b.] (18)
where D is the vessel diameter (in feet). For horizontal pressure vessels, the purchase cost is estimated
using the expression (valid for 1,000 < W < 920,000 lb):
= exp 5.6336 + 0.4599 ln (W ) + 0.00582 ln (W ) FM [$ f.o.b.]
2
CV , HORIZ (19)
Page 12 © D. R. Lewin 2019
054416 – Integrated Process Design – Design Project Definition 2019
where FM is the material factor, as in Eq. (17). Horizontal vessels are also equipped with platforms and
ladders, whose costs are estimated expression (valid for 3 < D < 21 ft):
CPL = 2, 275 D 0..2094 [$ f.o.b.] (20)
See the spreadsheet REACTORS COST, where it can be noted the reactor in the EPL design is a vertical
vessel.
The factor FTM, which depends on the column diameter in feet, corrects for the material of construction:
Material of Construction FTM
Carbon steel 1.0
303 Stainless steel 1.189 + 0.0577D
316 Stainless steel 1.401 + 0.0724D
Carpenter 20CB-3 1.525 + 0.0788D
Monel 2.306 + 0.1120D
It is recommended to install 303 Stainless steel sieve trays for this process.
Shell thickness: To estimate the shell thickness for a tower, we need to account for both the effect of
vessel pressure and the need to withstand wind loads. Following the procedure suggested by Mulet et
Page 13 © D. R. Lewin 2019
054416 – Integrated Process Design – Design Project Definition 2019
al. (1981), for positive design pressures (i.e., not for vessels operating under vacuum), the wall thickness,
tS, to withstand the design pressure is given in Eq. (15), with the vessel design pressure estimated using
Eq. (16). For tall vertical vessels such as distillation columns, it is necessary to account for wind loads.
The thickness necessary to withstand wind load is calculated assuming that the wind acts with a uniform
intensity over the entire height of the vessel. Assuming a wind velocity of up to 140 miles/hr, the
required thickness to withstand the wind load is:
0.22 (12 D + 18 ) L2
tW = [inch] (24)
SD 2
where D is outside shell diameter (ft), L is vessel height (tangent to tangent length, in ft), and the factor
of 18 allows for the column cage ladders, which adds additional effective diameter to the column. When
there is wind load, the girth seam must withstand the combined load of the wind and the internal
pressure, the latter computed using:
Pd Di
tG = [inch] (25)
2 SE − 1.2 Pd
The estimated thickness of the bottom of a vertical vessel is then given by:
t=
B tW + tG (26)
To estimate the vessel thickness (assumed constant), use the average of the top and bottom thicknesses,
plus the corrosion allowance, tC, usually 0.125". Thus the values of wall thickness are computed as
follows:
tSC= 0.5 ( t B + tS ) + tC (27)
Note that as with reactor vessel walls, the shell thickness, computed using Eq. (27) for low operating
pressures and/or relatively short towers may be too small to give sufficient rigidity to vessels.
Accordingly, the following minimum wall thicknesses should be used:
For complete details for the EPL design, see the spreadsheets T-301 Costing and T-302 Costing.
In special cases, different geometries can be used. The purchase cost for a vertical pressure vessel is
estimated using the expression (valid for 4,200 < W < 1,000,000 lb):
exp 7.139 + 0.18255 ln (W ) + 0.02297 ln (W ) FM [$ f.o.b.]
2
CV ,= (30)
VER
where FM is the material factor (1.0 for carbon steel, and 2.1 for stainless steel) and W (in lb) is the
weight of the pressure vessel, which is estimated using Eq.(16). Each vessel is also equipped with
platforms and ladders, whose costs are estimated using:
CPL = 410 D 0.73960 L0.70684 [$ f.o.b.] (31)
The cost of a demister, CDM , is estimated by assuming a mesh of diameter equal to that of the vessel,
3
with a height of 1/2 ft, and a cost of $500/ft . Note that V-301 is a surge drum that processes liquid
feeds only, and therefore does not require a demister. For complete details for the EPL design, see the
spreadsheets V-301 Costing and V-302 Costing.
Heat Exchangers (in the current design: E-101 to E-106 as well as the two reboilers and two
condensers of T-301 and T-302).
These, and any additional heat exchangers required by your redesign, are fixed-head, shell-and-tube
type heat-exchangers, with purchase costs estimated using Seider et al (2017), pg. 462:
FP is a factor accounting for operating pressure. For operating pressures below 100 psig, FP = 1. For
pressures in the range 100 to 2,000 psig, use the correlation:
2
P P
FP =
0.9803 + 0.018 + 0.0017 [ P in psig ] (34)
100 100
The heat transfer area is computed using:
Q
A= m 2 ← Pay attention to units here! (35)
U ∆Tlm
In the above, Q is the heat exchanger heat transfer duty in kcal/hr, and U is the heat transfer coefficient
2o
(assumed to be 300 kcal/m C in all heat exchangers). The log mean temperature difference, ∆Tlm (in
o
C), for counter-current heat transfer, is computed as:
where PC is the power consumption of the compressor in Hp and FM is a factor accounting for materials
of construction. For compressing hydrogen-free gas, FM = 1, for carbon steel, while for all other
applications, FM = 2.5, for stainless steel.
where PT is the recovered duty in Hp and FM is a factor accounting for materials of construction. For
compressing hydrogen-free gas, FM = 1, for carbon steel, while for all other applications, FM = 2.5, for
stainless steel. If not used directly in the flowsheet, electricity generated is credited as $196/kW/year.
i) Utility Costs.
The table below indicates the annual cost of a unit of enegy consumption rate in $/year, as well as the
temperature of the utility, if relevant. For example, the usage of high pressure steam (HPS) implies a
hot utility temperature of 251.8 oC (saturated steam at 41 bar), costing $244,600 per year for each 106
kcal/hr consumed. In contrast, using BFW as a coolant at 251.8 oC to produce HPS, makes a profit of
$122,300 per year for each 106 kcal/hr of coolant duty. Note that producing steam at a given pressure
gives a revenue of only half of the cost of using steam at the same pressure!
Table B. Data for Utility Streams (Prices for CE Plant Cost Index of 567 – 2013 average).
Feed Exit Unit of energy Annual cost
Utility Type C/H
Temperature Temperature consumption rate ($/year)
Compressor power n/a n/a n/a 1 kW 196
Cooling water, CW C 20 oC 40 oC 106 kcal/hr 8.6×103
Chilled water, CH C 10 oC 30 oC 106 kcal/hr 2.59×104
Refrigerated brine, RB C 0 oC 20 oC 106 kcal/hr 5.76×104
Ammonia refrig, AR C -30 oC -30 oC 106 kcal/hr 2.159×105
Ethane refrig, AR C -90 oC -90 oC 106 kcal/hr 3.598×105
Methane refrig, MR C -160 oC -160 oC 106 kcal/hr 7.195×105
Nitrogen refrig, NR C -190 oC -190 oC 106 kcal/hr 1.439×106
Boiler feed water,
C 184.1 oC 184.1 oC 106 kcal/hr -1.008×105
BFW@11 bar
Boiler feed water,
C 251.8 oC 251.8 oC 106 kcal/hr -1.223×105
BFW@41 bar
Fuel Gas (furnace), FG H n/a n/a 106 kcal/hr 1.655×105
Low press. steam,
H 143.6 oC 143.6 oC 106 kcal/hr 1.871×105
LPS@4 bar
Inter. press. steam,
H 184.1 oC 184.1 oC 106 kcal/hr 2.015×105
IPS@11 bar
High press. steam,
H 251.8 oC 251.8 oC 106 kcal/hr 2.446×105
HPS@41 bar
j) References.
Seider, W. D., D. R. Lewin, Widagdo, S., Gani, R. and Ng, K. M, Product and Process Design Principles, 4th Ed.,
John Wiley and Sons, New Jersey (2017)
Turton, R., R. C. Bailie, W. C. Whittingf, J. A. Shaeiwitz and D. Bhattacharya, Analysis, Synthesis and Design of
Chemical Processes, 4th Ed., Pearson Education International, Appendic B.2 (2013)
k) Deliverables.
1) Each project should be packed as a zip file with the following initial da and the I.D number of the
student who submits the project. i.e. student with I.D. number 123456789 should submit a file by
the name da123456789.zip
2) The zip file should contain:
a. Typed engineering report file in MS WORD format. Use the template provided on the website.
b. UNISIM files supporting your solutions.
c. A simple ASCII/ANSI file “readme.txt” should be provided with the short purpose description
of all relevant files in the packaged (can be prepared by NOTEPAD). For example:
Grading:
Page 17 © D. R. Lewin 2019
054416 – Integrated Process Design – Design Project Definition 2019
Technical Presentation. Correct report structure (including executive summary, description of work
done, results, summary and conclusions, appendices). Care in presentation (neatness, clarity, use of
graphics as appropriate). Be concise in your project write-up! [Max. grade = 10].
Part 1 - Improvements to the EPL Design. The grade given here will depend on the number of new
features implemented successfully and the degree to which they improve the profitability of the design.
We are also looking for demonstration of correct engineering practice. This is by far the most important
part of this project [Max. grade = 40].
Part 2 - HEN Design and Implementation. The expectations from this part of the project are: (a) Data
extraction of all principal hot and cold process streams with an adequate resolution to ensure accurate
MER targeting; (b) Well-designed HEN to meet the MER targets for the ∆Tmin assigned to your team,
while minimizing utility costs through well-chosen matchings; (c) Implementation of the MER HEN on
the UNISIM model such that each of the target duties are reproduced to within 1%. [Max. grade = 25].
Part 3 - Solution Refinement. Examine the existing trade-off between equipment and utility costing
and modify the design to maximize VP, with no restrictions of the value of ∆Tmin used. This part of the
grade depends on how your design compares to those of your peers.
Performance ≡ VP [Max. grade = 25].
The “performance” grade in Part 3 given to each group will be computed on the basis of the venture
profit attained relative to those of competing solutions of other groups (i.e., the best solution will get
100% of 25, and the worst will get 0% of 25). If all of the groups provide similar solutions, the grade
will be calculated from comparing the students’ solutions to the one obtained by Joe MacTavish