Cash Flow Principles for Chemical Engineers
- Course ID: ELA147
- Type: eLearning (online) Course
- Language: English
- Skill Level: Basic
- Duration: 2 hours
- CEUs: 0.20
- PDHs: 2.00
- Accrediting Agencies:
Projects can fail or succeed based on cash flow. Yet many chemical engineers don’t truly understand cash flow or its role in project evaluation. In this course, you’ll learn the principles of cash flow, ways to assess its value based on the concept of the time value of money (TVM), and how to use this knowledge to determine the value of projects.
You’ll begin with a discussion of what cash flow is and the concepts of compounding and discounting. You’ll also explore capital and capital structure, present value and rate of return. By the end of the course, you’ll have a basic understanding of cash flow principles and how to apply them to any plant-related project.
Robert Salvin is a chemical engineer with over 40 years of experience in the chemical industry. He has been associated 35 of those years with LyondellBasell and its predecessor companies, Lyondell and ARCO Chemical. Throughout his career, Salvin has focused primarily on corporate development with responsibility for economic evaluation guidelines and methodology for the company worldwide. He has an MBA in finance with degrees from Drexel University and is the instructor of AIChE’s eLearning course “Economic Evaluation for Chemical Engineers” as well as several...Read more
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