Electrical – Help to calculate heat dissipation on plastic dual in line DIP package (DIP-8 opamp)

TO-92 isn't meant to be a high-power-dissipating package. 180°C/W isn't going to get you too far, and there often isn't exposed metal to help get heat out.

That being said, there are some slip-on heatsinks available that can get you a few more milliwatts. Other techniques include drawing heat through the legs into the PCB, having a copper pad on the PCB and lead-forming the device to be bent over and touching it (with a clip and some thermal compound). Improvement to 60°C/W is possible.

Having some airflow helps too - a small fan can improve the power handling of the device (especially when combined with a heatsink of some form).

There are a bunch of separate questions in the text here, so I'll talk about those too.

My first question is that if I use both op amp of the first AD712, then will it cause any issue? Can one opamp in an IC affect the other opamp(s) in the same package?

This won't do any harm - the IC manufacturers test their parts as if you'll be using both of the components.

I understand that voltage divider with these resistances will be fairly linear. Is this correct?

Hmm. The issue I see is that you're loading your low pass filter. This isn't necessarily a bad thing, but it might not do what you expect - you no longer have an RC filter, but an R(C || R) circuit, which has a different response.

Is it possible to change your circuit so that the low pass filter is built into the buffer? For example, you could use a generic 1st order active low pass filter:

Then, your voltage divider won't have an effect on the low pass filter (since the op-amp can supply the extra current to the R||C branch, leaving your voltage divider untouched).

I also understand that I lose the resolution, as the ADC can read 0.0049 volts as-is (10bit ADC with vref = 5v) which means that the ADC should be able to read 0.01volt difference when voltage is divided (.01 at input will be 0.0040 at divider and .02 will be 0.0090 at divider).

Right - that's the point. This way your voltage steps are bigger (bad) but your maximum measurement is higher (good).

Does the above sound logical or am I missing something fundamental?

This all makes sense to me.

All Op Amps are rail to rail with supply of +12 and -12. What if I supply +5..+5.5 to last buffer op amp so that its output never exceeds its rail which can allow me to skip the schottky diodes?

This could work. Be careful, though: most rail-to-rail op-amps can only get close to their rails when they're not supplying much current to their output. If your output is +4.95 V with a +5 V rail, when your ADC pulls in a spike of current, the output will momentarily drop. I don't know how far - this depends on how much current your ADC takes and how good your op-amp is near the rail - but it's something to think about.

How much gain can I get from DC perspective without any problems?(I tried to understand the gain-vs-frequency charts but I cant get it. DC is 0 Hz or 1 Hz)

I don't really know how to answer this - it might be a stability question, and I don't have much experience there. DC is 0 Hz.

Should I put some bypass capacitors on signal line? e.g. after trans-impedance amp , put a small cap in parallel to let the high frequency signal (noise) to ground out... how do I decide the value of Capacitor such that it does not cause delay in my signal?

You're already doing this! Half of your low pass filter is a capacitor to ground.

You can choose a capacitor based on the amount of resistance around it. As you know, a resistor and capacitor in series make a low pass filter, which has some amount of phase shift associated with it. The decision is essentially a tradeoff between the cutoff frequency and how much phase shift you can tolerate at your signal's frequencies.

side note: this is an enormous question. If you can narrow down your question into something more specific, you'll get much better + faster answers. A lot of people will stop reading as soon as they see a wall of text, so the shorter your question is, the better.