Engineering Practice Updating the Plant Cost Index
shall and Swift (M&S; formerly Mar-shall and Stevens) Equipment Cost Index was started as a regular feature of CE [4]. We suspect that Arnold and Chilton derived the productivity fac- tor from this data, but theydid not leave a paper trail. Despite the fact that the M&S index is based on used-equipment prices, while the CEPCI is built around new plant-construction costs, trends in the M&S have ...