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Preface: Comments About This Volume

This preface provides an overview of updates made for the second edition of the book. It notes that the first edition covered applying economic and financial analysis tools to process control projects for continuous processes. The second edition updates these concepts and extends the application of economic analysis to control of discontinuous processes, including batch and discrete part manufacturing, with the addition of two new units. It also added a new appendix containing a glossary of economic terms. The material is intended to be useful for those who prepare and review control project proposals, including managers, engineers, users, and consultants.

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20 views1 page

Preface: Comments About This Volume

This preface provides an overview of updates made for the second edition of the book. It notes that the first edition covered applying economic and financial analysis tools to process control projects for continuous processes. The second edition updates these concepts and extends the application of economic analysis to control of discontinuous processes, including batch and discrete part manufacturing, with the addition of two new units. It also added a new appendix containing a glossary of economic terms. The material is intended to be useful for those who prepare and review control project proposals, including managers, engineers, users, and consultants.

Uploaded by

Raj Chavan
Copyright
© © All Rights Reserved
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ix

PREFACE
Comments about this Volume
The first edition of this book covered the economic aspects of process con-
trol. It showed how the tools of economic and financial analysis can be
applied to process control projects, especially those concerned with con-
tinuous processes.
These concepts are updated in this second edition, to reflect recent work in
control and economics. Units 13 and 14 have been added to extend appli-
cation of economic and financial analysis to control of discontinuous pro-
cesses including batch and discrete part manufacturing. A new Appendix
C containing a glossary of economic terms has also been added.
This material will be useful to all those who prepare and review control
project proposals, including managers, engineers, users, and consultants.
Acknowledgments
Many busy people generously contributed time and ideas for this book.
Particular thanks are due to Terry Blevins at Fisher-Rosemount Systems;
Tony Perrella, formerly at Mobil R&D; and Ralph Willis for assistance
with the first edition. Among those who contributed ideas and assistance
for the second edition are Dell Campbell, Vernon Trevathan, Bruce Morris,
and Professor Peter Baumann. Thanks are also due to Chip Lee at ISA,
who suggested a new edition, and Eugenia Bell, who shepherded it
through publication.
Friedmann05.book Page ix Tuesday, June 13, 2006 11:31 AM

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