Comparing Project Investment Costs

A Methodology and Baseline for the Refining Industry

by John Birkler, William Micklish


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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.

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