This Note describes a method for comparing refinery project costs and attempts to establish an industry baseline against which investment costs for such projects can be compared. The parametric methods it describes can be used to obtain rough cost estimates in the absence of detailed descriptive information (e.g., project characteristics) and engineering designs. These estimates can then be used to assess whether a proposed project's costs will be competitive with the industry standard.
This report is part of the RAND Corporation note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.