Cost data analysis for the food industry

Marouli, Alexandra Z.; Maroulis, Z.B.

doi:10.1016/j.jfoodeng.2004.04.031

Cited by 25 publications

(18 citation statements)

References 5 publications

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“…Fixed and annual operating costs are critical parameters in TEA and are key factors for cost estimation, project evaluation, and process optimization (Marouli & Maroulis, 2005). The TEA in this study was conducted using a spreadsheet (MS-Excel) to determine the total annual cost of extrusion processing for the prototype aquatic feeds.…”

Section: Techno-economic Analysismentioning

confidence: 99%

“…Results show that annualized capital cost per t decreased as the production rate increased from 1426.45 $/t, 166.43 $/t to 52.27 $/t for scenarios I, II, and III, respectively, as shown in Figure 5. As mentioned by Marouli & Maroulis (2005) the key factor to reduce costs is to increase the size of the plant. Generally, the capital (equipment and building) costs decrease as the size of the plant increases.…”

Section: Capital Costsmentioning

confidence: 99%

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Techno-economic Analysis (TEA) of Extruded Aquafeeds

Suleiman¹,

Rosentrater²

2018

JFR

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The worldwide decline and overexploitation of ocean fisheries stocks had provided an incentive for the rapid growth of aquaculture. The aquaculture industry has been recognized as the fastest-growing food production system globally, with a 10% increase in production per year and is one of the most reliable and sustainable growth markets for manufactured feeds. Extrusion technology has been extensively used in the modern aquatic feed manufacturing, due to nutritional, physical properties improvements and cost effectiveness of feeds. Cost related to aquatic feed remains the biggest challenge, especially for small-scale producers. In order to understand costs and potential breakeven points, a single screw extruder and three different production scenarios (0.2, 2 and 20 t/day) throughput were used to develop techno-economic models for small-scale producers of extruded aquatic feeds. The results show annualized capital costs decreased as production capacity increased. Thus, aquatic feed producers could use this tool to evaluate annual costs and benefits to determine processing economics. Producers will have to consider the ingredients used, though, as raw ingredients constitute the greatest cost for the production of feeds.

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Section: Techno-economic Analysismentioning

confidence: 99%

Section: Capital Costsmentioning

confidence: 99%

Techno-economic Analysis (TEA) of Extruded Aquafeeds

Suleiman¹,

Rosentrater²

2018

JFR

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“…The usefulness of TEA on cost analysis, profit assessment and production strategy determination has already been demonstrated. Marouli and Maroulis (2005) developed a model that utilized existing food factories data by analyzing them systematically to indicate the particular characteristics of concerned operation of the food industry. Another TEA was applied to characterize and improve pastoral dairy goat systems in Andalusia (Ruiz et al, 2008), and with that TEA a profitable production strategy was made.…”

Section: Pagementioning

confidence: 99%

TEA (Techno-economic analysis) and LCA (Life cycle assessment) of small, medium, and large scale winemaking processes

Zhang¹,

Rosentrater²

2015

2015 ASABE International Meeting

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The objective of this project was to conduct TEA (Techno-economic analysis) and LCA (Life cycle assessment) for the production of red wine. Small, medium and large scale winemaking processes were chosen for analysis. For LCA, the consumption of water, energy, green house gas emissions, and solid waste generation were considered for environmental impacts. For TEA, a spreadsheet-based economic model was developed. The results of the LCA and TEA were compared amongst all scales. The results of the LCA showed that both bottle manufacturing and winemaking processes contributed the greatest environmental impacts, while for TEA, the relationship between cost and profit among all three scales fitted an exponential model.

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“…Fixed and annual operating costs are critical parameters in TEA, and are key factors for cost estimation, project evaluation, and process optimization (Marouli and Maroulis, 2005). The TEA in this study was conducted using a spreadsheet (MS-Excel) to determine the cost of extrusion processing for aquatic feeds.…”

Section: Techno-economic Analysismentioning

confidence: 99%

“…Results show that annualized capital cost per ton decreased as the production rate increased from 1426.45 $/ton, 166.43 $/ton to 52.27 $/ton for scenario I, II, and III, respectively, as shown in Figure 5. As mentioned by Marouli and Maroulis, (2005) the key factor to reduce costs is to increase the size of the plant. Generally, the capital (equipment and building) costs decrease as the size of the plant increases.…”

Section: Capital Costsmentioning

confidence: 99%

Techno-Economic Analysis (Tea) of Extruded Aquafeeds

Suleiman¹,

Yu²,

Rosentrater³

2014

2014 ASABE Annual International Meeting

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The worldwide decline and overexploitation of ocean fisheries stocks had provided incentive for rapid growth of aquaculture. The aquaculture industry has been recognized as the fastest-growing food production system globally, with a 10% increases in production per year, and is one of the most reliable and sustainable growth markets for manufactured feeds. Extrusion technology has been extensively used in the modern aquatic feed manufacturing, due to nutritional, physical properties improvements and cost effectiveness of feeds. Cost related to aquatic feed remains the biggest challenge, especially for small-scale producers. In this study a single screw extruders and three different scenarios (i.e. 0.2 tons/day, 2 tons/day, 20 tons/day) throughput were used to develop techno-economic models for small-scale producers of extruded aquatic feeds. The results show annualized capital costs decreased as production capacity increased. Thus, aquatic feed producers could use this tool to evaluate annual costs and benefits to determine processing economics. The worldwide decline and overexploitation of ocean fisheries stocks had provided incentive for rapid growth of aquaculture. The aquaculture industry has been recognized as the fastest-growing food production system globally, with a 10% increases in production per year, and is one of the most reliable and sustainable growth markets for manufactured feeds. Extrusion technology has been extensively used in the modern aquatic feed manufacturing, due to nutritional, physical properties improvements and cost effectiveness of feeds. Cost related to aquatic feed remains the biggest challenge, especially for smallscale producers. In this study a single screw extruders and three different scenarios (i.e. 0.2 tons/day, 2 tons/day, 20 tons/day) throughput were used to develop techno-economic models for small-scale producers of extruded aquatic feeds. The results show annualized capital costs decreased as production capacity increased. Thus, aquatic feed producers could use this tool to evaluate annual costs and benefits to determine processing economics.

show abstract

Cost data analysis for the food industry

Cited by 25 publications

References 5 publications

Techno-economic Analysis (TEA) of Extruded Aquafeeds

Techno-economic Analysis (TEA) of Extruded Aquafeeds

TEA (Techno-economic analysis) and LCA (Life cycle assessment) of small, medium, and large scale winemaking processes

Techno-Economic Analysis (Tea) of Extruded Aquafeeds

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