Name: Udit Kumar Das

Roll: 23

Mid-Term Project

Project Name: Production Cost and Time analysis of 5000 m3 LPG Storage Tank

LPG Storage Tank Specifications:

 Design Pressure: 17.16 Bar

 Design Temperature: -20 Deg C to + 55 Deg C

 Design Code: ASME, AD MERKBALTTER, PD 5500, CODAP 2000

 Capacity: 5000 m3

 Tank Material: Mild-Steel

 Dimensions: ID 21 m

 Length: 50 m

 Thickness: 41 mm

 Weight: 1872 tons

 Price: 2.5 MUSD/each

 Figure 1: LPG Storage Tank

Table 1: LPG Storage Tank Construction Project Cost Data

Parameters Value Dimension

Total Cost, TC 250 MUSD
Total Unit, X 100 unit
Learning Percentage 55+23 = 78 %

Table 2: LPG Storage Tank Construction Project Time Data

Parameters Value Dimension

Total Time, TT 1,752,000 hours
Total Unit, X 100 unit
Learning Percentage 55+23 = 78 %
Analysis Result:

LCA
14.00

12.00

10.00

8.00
ACx, MUSD

6.00

4.00

2.00

0.00
0 20 40 60 80 100 120
X unit, no

Figure 2: Time curve analysis

LCA
LCA
100.00
ACx, MUSD

10.00

1.00
1 10 100
X unit, no

Figure 3: Log-Log Cost curve

 LCA
LCA

100000.00

90000.00

80000.00

70000.00

60000.00
ATx, hrs

50000.00

40000.00

30000.00

20000.00

10000.00

0.00
0 20 40 60 80 100 120

X unit, no

Figure: Time curve analysis