11-2194 Integrated Brief

Jump Start: Integrated Economics in Aspen Plus V7.3.
2 ®
A Brief Tutorial (and supplement to training and online documentation)
David Tremblay, Product Management, Aspen Technology, Inc.
Dan McCarthy, Product Management, Aspen Technology, Inc.
Ron Beck, Product Marketing, Aspen Technology, Inc.
Julie Levine, Product Marketing, Aspen Technology, Inc.
© 2013 Aspen Technology, Inc. AspenTech®, aspenONE®, the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-2194-0113
Jump Start: Integrated Economics in Aspen Plus V7.3.2 ®
Table of Contents
Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
First Steps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Definition of Operating Cost Parameters within Aspen Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Convergence of the Aspen Plus Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
The Economics Tab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
A Tour Through Integrated Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Cost Options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Activate Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Map. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Evaluate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
View Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Investment Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Delete Scenario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Deactivate Economics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Managing and Transferring Cost Files. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Additional Resources. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
1
Introduction
The integrated economics workflow provided by AspenTech enables users to incorporate rigorous relative costs into their
process modeling studies. This provides the business benefit of better process designs that take into account capital and
operating costs, together with technical and process parameters.
Integrated economics brings the power of AspenTech’s rigorous economic modeling products (the Economic Evaluation
family) to the process model (Aspen Plus®). This enables the process designer to rapidly assess the relative costs of a
proposed process design, thereby providing the means to screen alternatives based on a balance of technical, safety,
environmental, and economic factors. This entire workflow can be performed from within the familiar Aspen Plus user
interface.
This document provides a simple getting started guide for Integrated Economics in Aspen Plus V7.3.2. We will take you
through the most common progression of how we envision the process designer using this integrated functionality. This is
not meant to be used on a stand-alone basis. We recommend that a range of other resources be called upon to give the
new user a comprehensive view of how to use Integrated Economics. These include:
• Online documentation – accessed through the Aspen Plus and Aspen Process Economic Analyzer software user screens
• AspenTech support website (support.aspentech.com) - contains a wide range of knowledge base items and provides
answers to frequently asked questions
• AspenTech courseware available in on-line and in-person versions - provide formal training on process modeling and
economic evaluation
• AspenTech business consultants
• Pre-recorded tutorials and webinars (http://www.aspentech.com/solutions/industry_solutions/epc/integrated-
economics.aspx) -provide another view of the information contained in this document
This document covers Aspen Plus. This guide assumes that the user has Aspen Plus V7.3.2 or higher and Aspen Process
Economic Analyzer V7.3.2 or higher installed.
First Steps
There are a number of steps you must take to set up your model for integrated economic analysis.
Definition of Operating Cost Parameters within Aspen Plus

In Aspen Plus V7.0 and later, it is easy to define utility streams and costs, and feedstock and product pricing.
You can specify raw material and product costs using the Material Cost button (Figure 1) on the Economics tab. Negative
values may be entered when applicable; for example, if the product has waste treatment charges. Defining these
parameters is only necessary if an ROI for the plant is desired. Capital and operating costs can be estimated without this
step.
2
Figure 1: The Material Cost button
Defining utility costs is a RECOMMENDED but not required step. If utility costs are not defined manually, the economics
‘engine’ will assign the utilities and associated prices using built-in values. This is not as accurate as specifying them if
known, but is suitable at the conceptual design level.
Click the Process Utilities button (Figure 2) on the Economics tab to list all of the utilities in the process. Double-click on
any utility to enter costs, and define either a mass or energy basis. The state conditions of each utility can also be defined.
Figure 2: The Process Utilities button
You can track CO2 emissions with the ‘Carbon Tracking’ tab in the utilities form (Figure 3). Here, the fuel source and
emission factor can be defined. Aspen Plus has built-in data for EU and US EPA standards.
Note: Each window described in this guide can be reached by the designated button; however,
many can also be accessed from the Navigation Pane. Use the figures in this document to see
the locations of the buttons and selections on the Navigation Pane.
3
Figure 3: Utilities Specifications – Carbon Tracking
After you perform a model run, the utility flow rates and costs are summarized in several places. The Utility Costs button
on the Home tab displays the overall operating cost summary, and the utility costs. The utility cost summary breaks down
cost, CO2 tracking, and property information on each type of utility in the process (Figure 4).
4
Figure 4: Utility Cost Summary
In design cases involving multiple utility sources and multiple unit operations, it is helpful to use the Model Summary
button (Figure 5) under ‘Summary’ in the Home tab. This allows users to quickly review and modify the utilities selected
for each unit by clicking on the appropriate equipment tab. Additionally, the prices and properties of all utilities can be
modified directly from the utilities tab.
5
Figure 5: Model Summary
Important Note: Once you specify the utility selections and costs, and feed and product pricing
within Aspen Plus, the resulting operating cost information produced by the Aspen Plus model
run automatically updates the economics module in the subsequent steps in the integrated
workflow.
Convergence of the Aspen Plus Model

You must run the Aspen Plus model to convergence in order to proceed to the integrated economics step of the workflow.
If you forget to perform a model run, you will get the error message shown in Figure 6.
Figure 6: Perform the simulation before initiating the economics workflow
6
The Economics Tab

In Aspen Plus V7.3.2, Integrated Economics is accessed through the ‘Integrated Economics’ group in the Economics tab
(Figure 7). Typical analysis operations follow the button scheme from left to right. First, activate the costing engine, then
map unit operations to equipment and perform sizing, then perform the evaluation and review the results. The results can
be easily exported to Excel or reviewed within Aspen Plus.
Figure 7: The Economics Tab
Depending upon the level of control that you would like to maintain over the economic evaluation, steps can be
individually performed or can be skipped in favor of a quicker, “automatic” evaluation based on default-assigned
“mapping” and sizing algorithms.
A Tour Through Integrated Economics

We will now consider all of the steps in the integrated economics process, following the operations from left to right
across the group.
Note: Information on any button can be obtained by hovering over it.
Cost Options
If you want to conduct an ROI analysis, it is possible to specify a length of plant startup and operating life.
You can also specify a template to use for the economic analysis (Figure 8). Aspen Plus provides a variety of
“out of the box” templates for relative costing purposes; however, your company can also create its own.
Figure 8: Cost Options
7
Activate Economics
Integrated economics functions by linking Aspen Plus with Aspen Process Economic Analyzer (APEA). The
APEA license key is checked out when you activate the integrated economics feature. This may take a
minute or two. The APEA license key is released when you deactivate integrated economics or exit Aspen Plus. After
clicking Activate Economics, the button will change to read Deactivate Economics.
Note: Clicking Activate Economics enables the other buttons/functions within economics (load
simulation data, map, size, evaluate, equipment summary, deactivate).
Map
A key step in integrated economics is mapping unit operations from the simulation to equipment models in
Aspen Process Economic Analyzer.
The economic work flow has the ability to automatically establish “default” mappings, representing best-engineering
judgment contained within the software models. It also allows you to override these mappings and substitute your own.
Figure 9 conceptually summarizes the mapping operation. Each unit operation that has been defined during process
modeling is mapped to an item of equipment, or a group of equipment items, that most feasibly represents that unit
operation. Figure 9 shows a distillation column unit (the “radfrac” unit operation in Aspen Plus), which maps into the
economics software as a collection of equipment models, including a column, pumps and some other complementary
equipment items.
Figure 9: Unit Operation to Equipment Model Mapping Scenario
8
Some unit operations do not correlate with actual equipment and can be mapped to placeholders, or ‘C’ units. For
example, a mixer block is actually a T-junction in most plants and does not carry an equipment cost.
The following workflow is suggested for mapping equipment:
• After clicking the “Map” button you will be prompted with the window depicted in Figure 10
– If this is the first run and you simply want to use the Aspen default settings, select “Map all unit operations” and
“Default”
– If you wish to "keep the mapping" from a previous run, select “Last mapping”
Figure 10: Select “Default” if this is your first run - After you may choose to select “Last mapping”
• In the next window, you can review and change mappings

• To view the mapping for a specific unit operation, select it in the region on the left (Figure 11)
Figure 11: Select a unit operation to see how it is mapped
9
• The suggested equipment items are listed as Equipment Tags

• Add or remove a tag by clicking “Add” or “Delete”
• To change the APEA equipment type associated with a tag:
– Click the button for the item that you want to change in the Equipment Type column (Figure 12)
Figure 12: Replace mapping for a specified component of a unit operation
– Now go through the equipment lists and select the appropriate mapping
– If you wish to map to a placeholder (‘C’ unit) select “Project Components,” and then “Quoted equipment” (Figure 13)
Figure 13: Mapping equipment to ‘C’ units
10
• When you are done mapping all of the equipment, click “OK”
Note: The default mapping for mixers is to “Quoted Equipment,” so there is no need to map them
manually.
Size
Equipment sizes are determined from the available simulation data. Missing data is estimated by the system.
You can also override estimate sizes in the equipment grid. In the case of a quick but less accurate
evaluation, this step can be skipped. Clicking the Evaluate button without sizing will automatically instantiate estimated
sizes.
Note: You may also interface to custom sizing programs that your company uses that have been
developed in MS Excel. This is an advanced topic beyond the scope of this introductory tutorial. For
more information regarding Advanced Topics, please see the “Additional Resources” section of this
document.
Evaluate
Conduct the economic analysis. If mapping and sizing have not been completed prior to using Evaluate, you
will be directed to mapping, and the sizing will be done automatically using estimations.
View Equipment
The Results Summary – Equipment form provides the overall results of the evaluation. Relative estimates of
the total capital cost, operating cost, and utility cost can be found in the ‘Summary’ tab.
The ‘Equipment’ tab (Figure 14) summarizes basic cost and sizing information for each piece of equipment in the plant.
Additionally, each type of unit has its own tab. Here, details such as the equipment material and geometry can be
reviewed and modified for greater accuracy.
11
Figure 14: Equipment tab in Results Summary – Equipment form
Note: After you change sizing or materials of construction data, re-run the sizing and evaluation
steps to update the economic results correctly.
Investment Analysis
Create an investment analysis report in MS Excel format. This is an economics summary. If you have put in
feedstock pricing at the initial stages, you can get an initial look at a project ROI within this report.
Delete Scenario
Discard the economic analysis files and deactivate economics.
Deactivate Economics
Release the economics software license. Clicking this will prompt you to save. Click ‘yes’ to save the
economics (APEA) file with the Aspen Plus file. Otherwise it will be discarded.
Managing and Transferring Cost Files

The costing scenario created by Integrated Economics can be opened directly by Aspen Process Economic Analyzer or by
Aspen Capital Cost Estimator for further development.
When you save the Aspen Plus model case, you are given the option to save the file as a “compound file” type, which is a
zip file. This action saves the economics (APEA) file together with the Aspen Plus file. The resulting APEA file can be
handed over to the estimating department for further development or fine tuning of the cost estimate that has been
produced during this conceptual design workflow.
12
Additional Resources
For further information on this workflow, or any of the individual products or elements covered briefly in this written
tutorial, please consult:
Public Website:
The following web page provides links to a number of useful resources on integrated economics
http://www.aspentech.com/solutions/industry_solutions/epc/integrated-economics.aspx
Support Website:
The support website provides an extensive and growing knowledge base on simulation, economics and the integrated
website
support.aspentech.com
The following knowledge base article provides a getting-started location:
http://support.aspentech.com/webteamasp/KB.asp?ID=130806
Recorded Tutorials:
“Brief Tutorial on relative costing during conceptual design with Aspen Plus “
https://www.brainshark.com/aspentech1/vu?pi=zH0zPx7dIz29bpz0
“Brief Tutorial on relative costing during conceptual design with Aspen HYSYS”
https://www.brainshark.com/aspentech1/vu?pi=zGyzaPKdKz29bpz0
“On Demand” Technical Webinars:

“DSM Presents how to achieve better process designs with integrated economics”
https://aspentechevents.webex.com/aspentechevents/lsr.php?AT=pb&SP=EC&rID=44018127&rKey=d72d973107d91
bb9
“Step-by-step Technical Webinar: Getting started with Integrated Economics with Aspen Plus”
https://aspentechevents.webex.com/aspentechevents/lsr.php?AT=pb&SP=EC&rID=44441692&rKey=3f4465f6bb672
757
“Step-by-step Technical Webinar: Getting started with Integrated Economics with HYSYS”
https://aspentechevents.webex.com/ec0605lb/eventcenter/recording/recordAction.do?siteurl=aspentechevents&the
Action=poprecord&ecFlag=true&recordID=45724697
Email Us:
Get your specific questions answered by contacting us at
AspenEconomicEvaluation@aspentech.com
13
About AspenTech
AspenTech is a leading supplier of software that optimizes process manufacturing—for energy, chemicals,
engineering and construction, and other industries that manufacture and produce products from a
chemical process. With integrated aspenONE® solutions, process manufacturers can implement best
practices for optimizing their engineering, manufacturing, and supply chain operations. As a result,
AspenTech customers are better able to increase capacity, improve margins, reduce costs, and become
more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to
achieve their operational excellence goals, visit www.aspentech.com.
Worldwide Headquarters
Aspen Technology, Inc.
200 Wheeler Road
Burlington, MA 01803
United States
phone: +1–781–221–6400
fax: +1–781–221–6410
info@aspentech.com
Regional Headquarters
Houston, TX | USA
phone: +1–281–584–1000
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phone: +55–11–3443–6261
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phone: +44–(0)–1189–226400
Singapore | Republic of Singapore
phone: +65–6395–3900
Manama | Bahrain
phone: +973–17–50–3000
© 2013 Aspen Technology, Inc. AspenTech®, aspenONE®, the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen For a complete list of offices, please visit
Technology, Inc. All rights reserved. 11-2194-0113 www.aspentech.com/locations

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Jump Start: Integrated Economics in Aspen Plus V7.3.

Definition of Operating Cost Parameters within Aspen Plus

Figure 1: The Material Cost button

Figure 2: The Process Utilities button

Figure 3: Utilities Specifications – Carbon Tracking

Figure 4: Utility Cost Summary

Figure 5: Model Summary

Convergence of the Aspen Plus Model

Figure 6: Perform the simulation before initiating the economics workflow

The Economics Tab

Figure 7: The Economics Tab

A Tour Through Integrated Economics

Note: Information on any button can be obtained by hovering over it.

Figure 8: Cost Options

Figure 9: Unit Operation to Equipment Model Mapping Scenario

The following workflow is suggested for mapping equipment:

• In the next window, you can review and change mappings

Figure 11: Select a unit operation to see how it is mapped

• The suggested equipment items are listed as Equipment Tags

Figure 12: Replace mapping for a specified component of a unit operation

Figure 13: Mapping equipment to ‘C’ units

Figure 14: Equipment tab in Results Summary – Equipment form

Managing and Transferring Cost Files

The following knowledge base article provides a getting-started location:

“On Demand” Technical Webinars:

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