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The U.S. Bureau of Labor Statistics indexes labour productivity and costs in all sectors of the chemical industry. Chemical Engineering magazine (0009-2460) publishes the Chemical Engineering Plant Cost Index (CEPCI), Marshall & Swift Equipment Cost Index (prior to 2013) and Current Business Indicators for the chemical industry.
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These data can be found in the April issue of Chemical Engineering magazine. Best regards. Cite. 21st Jan, 2020. ... What is the Marshall-Swift index for the cost estimation in 2016 for reactors ...
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Marshall and Swift index. Source: A Dictionary of Chemical Engineering. Author (s): Carl Schaschke. A method of determining the installed equipment cost of a chemical plant. It is based on average cost data from nearly 50 industries involving both process industry and more general industry equipment costs. The cost at any particular time is ...
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Current Business Indicators for the chemical process industries such output index, output $, operating rate, producer prices, hourly earnings index, and productivity index. Marshall and Swift Equipment Cost Index Note: This index was dropped from Chemical Engineering in early 2012 and is not available in any other publication. Current Trends
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Correlating the chemical engineering plant cost index with . Several indices are available to the process engineer for example the Nelson–Farrar refinery cost index published in the Oil Gas Journal is widely used in the oil and gas industry the Marshall and Swift equipment cost index which was published monthly in Chemical Engineering until April 2012 and is now made available online Marshall
As for the M & S Index, depending on your target cost estimation precision, you may use Dr. Kiran Patil's suggestion or create a linear regression of the historical indices and predict the 2016 ...
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NOTE: Beginning May 2012, the Marshall & Swift Equipment Index is no longer available in Chemical Engineering and we have no other sources for that index. Older values for Marshall & Swift can be found in issues prior to May 2012.
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