What is "Cost Engineer"
Several types of cost indices have been developed plant and equipment. These include M. C. Moulstad's cost index， Marshall and Stevens Equipment Cost Index and Nelson-Farrer Refinery constructionCost Index. In Japan， establishment of a cost index was cut off for a while after 1962. In 1978，"Japanese Plant Cost Index-Nihon Sangyoukikai Kougyoukai was established in the Nihon Sangyokikia Kougyoukai.The aim of this study is to develop a construction cost index for chemical engineering plants. The index is adapted from the Chemical Engineering Plant Construction Cost Index developed in the USA， to incorporate characteristics that are unique to Japan. The index， called Saito's Chemical Engineering Construction Plant Cost Index (SAITO's CE Cost Index)，consists of four parts:
SAITO's CE Cost Index
Main Material Cost Indices
Main Equipment Cost Indices
Main constructlon Cost Indices.
"Cost Engineer" is a monthly magazine providing updated information of SAITO's CE Cost Index.
Author: Yoshimi Saito
President， Director， Kosuto Kougaku Kenkyusho Company，
System, Information and Simulation Deputy Director and Representative
of Cost Engineering Subcommittee of Chemical Engineering of Japan