Search arXiv⌕ Search
Home/Archive/arXiv

arXiv · 2110.15750

Process Design and Economics of Production of p-Aminophenol

Chinmay Ghoroi·Jay Shah·Devanshu Thakar·Sakshi Baheti
View original source ↗Read source document ↗Export metadata ↓

Abstract

Para-Aminophenol is one of the key chemicals required for the synthesis of Paracetamol, an analgesic and antipyretic drug. Data shows a large fraction of India's demand for Para-Aminophenol being met through imports from China. The uncertainty in the India-China relations would affect the supply and price of this "Key Starting Material." This report is a detailed business plan for setting up a plant and producing Para-Aminophenol in India at a competitive price. The plant is simulated in AspenPlus V8 and different Material Balances and Energy Balances calculations are carried out. The plant produces 22.7 kmols Para-Aminophenol per hour with a purity of 99.9%. Along with the simulation, economic analysis is carried out for this plant to determine the financial parameters like Payback Period and Return on Investment.

Explore related subjects

econ.GNq-fin.EC

Keep this discovery

Explore connections, maps & timelines

BibTeXRIS

Chinmay Ghoroi, Jay Shah, Devanshu Thakar, Sakshi Baheti. 2021-10-29. Process Design and Economics of Production of p-Aminophenol. https://arxiv.org/abs/2110.15750

Cite the original work for its findings. Save a collection to share your selection of sources.

KEEP EXPLORING

Related papers

arXiv2026

The time interpretation of expected utility theory

Economic models often maximise expectation values of wealth or utility. In non-ergodic settings, these can differ from time-averages, so that maximising expected outcomes need not maximise -- and can systematically reduce -- long-run wealth or utility. Ergodicity economics highlights this problem and models individual agents as maximising wealth in the long run, known as growth optimality. Two instances where expected utility maximisation maps to growth optimality are known: linear utility does this for additive wealth dynamics; and logarithmic utility for multiplicative wealth dynamics. Here we show that the mapping holds more generally when the utility function coincides with the ergodicity transformation in the growth optimal model. This mapping offers a theoretical basis for choosing utility functions and suggests the testable hypothesis that wealth dynamics are predictive of risk preferences.

econ.GN↗
arXiv2026

Monetary Regimes and Trade before the Classical Gold Standard: Evidence from the Latin Monetary Union

This paper reexamines the trade effects of the Latin Monetary Union (LMU), a 19th century agreement to standardize gold and silver coinage among several European countries. The LMU provides a useful setting for studying whether monetary arrangements fostered trade before the classical gold standard, when gold, silver, bimetallic, and paper regimes coexisted. Because some countries already shared other monetary standards, treating all non-member pairs as a single control group mixes pairs with and without alternative forms of monetary coordination. I classify pairs by standard and estimate the LMU effect relative to pairs without a common standard, bringing the comparison closer to those used in the literature on the gold standard and contemporary currency unions. The results suggest that the LMU increased trade between its members by approximately 30\% during its early years, when bimetallism was still credible. These effects subsequently faded, converging to zero by the end of the 1870s. More broadly, these findings also highlight the importance of accounting for the existing monetary regimes when estimating the trade effects of other international policies.

econ.GN↗
arXiv2026

Access to Live AI Advice and Behavior Under Risk: An Incentivized Experiment

Generative AI has become an everyday advisor, and the systems people consult are live and interactive, not pre-scripted. We ask whether access to such a system changes behavior under risk. In an incentivized experiment (N = 158), participants made lottery choices with an optional decision aid presented as a conventional pre-written tool, a live one-shot AI, or a live interactive AI they could query, with information format held equivalent across conditions. Risk preferences are elicited via DOSE. We find no evidence that access to a live AI advisor changes risk aversion.

econ.GN↗