--%>
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 : Gasoline in Diesel Engine If the

    If the gasoline is used in the Diesel engine explain whether the Diesel engine will work?

    		•
  • Q : Product performance in Product design

    Product performance: Depending on the product, this may take many forms. Speed, loads to be withstood, number of work cycles, and intermittent or continuous working are some examples of considerations. 

    		•
  • Q : Solution A pump station has been

    A pump station has been designed to lift water out of a 6 metre deep pit (vented to atmosphere) via a centrifigual pump mounted at ground level. Liquid conditions 20OC Suction pipe work losses 2.0 metres NPSH safety factor 5.0 kPa Vapor pressure @ 20oC 0.25 metres (a) Calculat

    		•
  • Q : What is Cotter joint Cotter joint :

    Cotter joint: These kinds of joints are employed to connect two rods that are under compressive or tensile stress. The ends of rods are in the way of a socket and shaft which fit altogether and the cotter is driven into a slot which is common to both

    		•
  • Q : Size and weight in Product design

    Size and weight: If the product is particularly small the cost may be increased if more precise manufacturing methods are demanded. Weight restriction will as well influence materials to be utilized: this in turn will influence the manufacturing proce

    		•
  • Q : Modal Combination Rules What are the

    What are the Modal Combination Rules in order to determine the peak value of the total response?

    		•
  • Q : Describe Process Flow Diagram Process

    Process Flow Diagram: A Process Flow Diagram or System Flow Diagram exhibits the relationships among the main components in the system. It too has fundamental information regarding the material balance for the process.

    		•
  • Q : Problem on steam turbine 1) A steam

    1) A steam turbine takes in saturated steam at 300oc and outputs steam at 4 bar. When the efficiency of the turbine is 65%, Evaluate: a.  The final composition (vapor vs. liquid) of outgoing steam.b.  The

    		•
  • Q : Product appearance in Product design

    Product appearance: Strongly influenced by the Industrial Designer, the general style? of the product is significant as this will have an influence on materials and manufacturing procedures to be used. The product should be able to grab the customer's

    		•
  • Q : Difference between pressure vessel &

    Difference between pressure vessel & column: The Pressure vessels (cylinder or tank) are utilized to store fluids under pressure. If the pressure vessel are design in the form of column to separate the gas at u

    		•