Aspen Process Economic Analyzer (APEA)

Course Category : Project Management

An advanced technical course designed to develop professional competence in estimating capital and operating costs directly from process simulation models using Aspen Process Economic Analyzer, supporting sound design and investment decisions
Duration: 5 Days
Level: Advanced

Introduction

Aspen Process Economic Analyzer enables engineers to bridge the gap between process simulation and economic evaluation. This course offers a structured approach to techno-economic analysis, enabling participants to quantify costs, assess feasibility, and support informed investment decisions with confidence.

Targeted Audience

Process Engineers
Process Design Engineers
Industrial Development Engineers
Cost and Planning Engineers
Project Engineers
Techno-economic analysis specialists

Targeted Skills

Linking Aspen Plus and HYSYS models with APEA
Capital expenditure (CAPEX) estimation
Operating expenditure (OPEX) estimation
Industrial project feasibility analysis
Economic comparison of design alternatives
Interpreting economic results for decision-making

Expected Outcomes

Using Aspen Process Economic Analyzer to estimate industrial costs accurately.
Extracting CAPEX and OPEX directly from simulation models.
Analysing economic feasibility of industrial projects.
Comparing design scenarios from an economic perspective.
Supporting design and investment decisions with reliable cost data.

Training Topics Index

Role of economics in process design
CAPEX versus OPEX
Design–cost relationship
APEA within Aspen tools

Importing data from Aspen Plus
Importing data from Aspen HYSYS
Data validation
Economic analysis environment setup

Equipment cost estimation
Installation and construction costs
Engineering cost factors
Total plant cost estimation

Utilities and energy consumption
Raw materials and chemicals
Maintenance and labour
Annual operating cost analysis

Economic report interpretation
Design an alternative comparison
Economic sensitivity analysis
Investment decision support

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code