Case Study 1: Economic Optimization of a Pipe System


Figure 36.1 illustrates a fluid transport example. Fluid starts in a tank on the left and is pumped through a long pipe to a receiver on the right. The question is “What is the right pipe diameter?” Here the pipe diameter is the single decision variable (DV), and we will use net present value (NPV) as the objective function (OF).

36.1Process and Analysis

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