This book is a self-study guide for HVAC energy and non-HVAC energy engineers and plant managers who either lack formal training in the subjects of finance, accounting, and gas IR heating engineering economics, or simply need a means to refresh their knowledge in these subjects. Many energy and non-energy engineers and technical managers feel inadequately equipped to comprehend and apply certain important finance and accounting principles. Understanding of finance and accounting principles is important in interfacing and conducting business with accountants, financial analysts, and members of upper management. This book is designed to familiarize energy engineers and other engineering professionals – in a relatively simple and easy to understand fashion – with decision making skills founded on financial calculations and case study based quantitative analysis.
A self-study guide for HVAC and energy engineers, this book provides economic analysis and financial principles, equipping engineers and plant managers with the skills needed to make informed decisions and interface effectively with financial professionals.
1. Gas IR Design Procedure, Concepts, Finance
2. Break Even Analysis,
Annual Cost Analysis, Present Worth Analysis, Rate of Return Analysis
3.
Energy Engineering Economics, Revenues, Energy Savings and Costs
4. Energy
based comparison and decision-making between normal (typical) gas heating
systems and gas IR heating systems
5. Types of Cost, Life Cycle Cost and
Repair vs. Replace Decisions and analysis
6. EPC, Energy Performance
Contracting and ESCOs Business, Economic and Financial Perspective
7.
Comparison of Lease and Capital Investment Alternatives. Cost, Financial
Justification and Understanding of EPC Contracts and Demand Elasticity
George Kritzler graduated with a B.S. in Mechanical Engineering from Newark College of Engineering and then an M.B.A. from Fairleigh Dickinson University. My work experience was as a Sales Engineer with the Public Service Electric and Gas Company. This was his first design experience using gas IR heating to compete with #2 oil. Over 50 installations of gas IR heating systems were designed and sold while with PSE&G. During his short career as Industrial and Commercial Sales Manager with Elizabethtown Gas Company, his team of 12 Sales Engineers sold at least 12 gas IR systems. A severe natural gas shortage during the early 1970s shortened my career there with no gas to sell. As Senior HVAC Engineer with Consolidated Edison Co. of NY in the Plant Structures Department, Mr. Kritzler was surprised to find that none of the four HVAC engineers knew about gas IR heating. That ended when he showed them the advantages of gas IR heating. He personally designed and supervised the installation of over 40 gas IR heating systems. In retirement, he was able to become an Energy Conservation Engineer/Consultant by establishing Imagineers Unltd. Two of the buildings that successfully followed my recommendations were the New York Academy of Medicine and the Riverside Church. These were approved by the New York State Energy Research & Development Authoritys energy reduction program with annual savings of $26,800 and $48,000, respectively.
