--%>
Assignment Help - homework help

Define feasibility study

Feasibility study: In order to take wise investments in a market-place experiencing rising stages of risk, companies are turning to feasibility studies to find out if they must propose new products, services or commence a new business endeavor. The main purpose of feasibility study is to find out if a business opportunity is practical, possible, and viable. Whenever faced with a business opportunity, numerous optimistic people tend to focus just on the positive aspects.

A feasibility study allows a realistic view at both positive and negative aspects of an opportunity. The feasibility study is a significant tool for making the correct decisions. A wrong decision frequently leads to business failure. For illustration, only 50% of start-ups are still in business and after 18 months and only 20% are in business subsequent to 5 years.

Feasibility studies are helpful when beginning a new business or identifying a new opportunity for an existing business. Idyllically, the feasibility study process involves making rational decisions about a number of enduring characteristics of a project comprising.

   Related Questions in Mechanical Engineering

  • Q : Bearing number ti Diameter of inner and

    Specify how the Bearing number ti Diameter of the inner and outer can be calculated?

    		•
  • Q : Static and Dynamic load What are Static

    What are Static and Dynamic load and what are their significant dynamic effects?

    		•
  • Q : Problem on mechanical efficiency of the

    The oil pump is drawing 25 kW of electric power while pumping oil with ρ = 860 kg/m3 at a rate of 0.1 m3/s. The inlet and outlet diameters of the pipe are of 8 cm and 12 cm, respectively. When the pressure rise of oil in the pump is measured to be 250 k

    		•
  • Q : Dynamic model for the paper machine

    Explain and derive the Dynamic model for the paper machine headbox?

    		•
  • Q : Cetane Number and Octane Number

    Describe the term Cetane Number and the Octane Number?

    		•
  • Q : Cavitation elimination by Pump How

    How Cavitation is eliminated by the Pump?

    		•
  • Q : Problem on head loss The pump

    The pump illustrated in the figure adds 20 kW of power to the flowing water. The only vital loss is that which takes place across the filter at the inlet of the pump. Find out the head loss for this filter. Note that the gage pressure upstream of the filter is negativ

    		•
  • Q : Rated Speed and Economic Speed Explain

    Explain difference between the Rated Speed and Economic Speed?

    		•
  • Q : Value Engineering The value engineering

    The value engineering method focuses on functional values, and aims to increase the difference between the cost and value of a product: by lowering cost and/or adding value. In many cases, the emphasis is simply on reducing costs, and the design effor

    		•
  • Q : Problem on damping coefficient Vertical

    Vertical suspension system of a car can be modeled as single degree of the freedom system. Consider that the car with mass m consists of four shock absorbers with equal stiffness and damping of k and c, corresspondingly: (a) Due to

    		•