{"title":"Equipment prices and market forces","authors":"A.M. Gerrard","doi":"10.1016/0377-841X(78)90004-9","DOIUrl":null,"url":null,"abstract":"<div><p>The effect of market forces on the quoted costs of process equipment has been measured and analysed. It is shown that a cyclical influence is superimposed on the upward trend due to inflation. Time series analysis shows that the market factor can be described by a low order autoregressive process.</p></div>","PeriodicalId":100475,"journal":{"name":"Engineering and Process Economics","volume":"3 4","pages":"Pages 241-245"},"PeriodicalIF":0.0000,"publicationDate":"1978-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0377-841X(78)90004-9","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Engineering and Process Economics","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/0377841X78900049","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
The effect of market forces on the quoted costs of process equipment has been measured and analysed. It is shown that a cyclical influence is superimposed on the upward trend due to inflation. Time series analysis shows that the market factor can be described by a low order autoregressive process.
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