--%>
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 : 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 : 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 : Conformance to standards in product

    Conformance to standards and specifications: These are standards laid down by national and international authorities. For instance, in Canada there is the Standards Council of Canada (SCC). The United States has many standards bodies including MIL (US

    		•
  • Q : Difference between PLC and Logic Card

    Difference between PLC and Logic Card: There is technically no difference. Both are logic controller utilized for several applications and in PLC has it's own internal memory (compared to Logic card).

  • Q : Quantity in Product design specification

    Quantity: The total quantity of the product predicted and, more importantly, the production rates and batch sizes needed, should be specified. This will have implications for the types of manufacturing equipment and work organization necessary. It wil

    		•
  • Q : Measuring the Temperature in Wet Bulb

    Explain phenomenon to measure the Temperature in Wet Bulb Thermometer?

    		•
  • Q : Calculating liquid composition There

    There is a 35% MeOH/water mix to feed to a flash at 100 Ib- mole /hr and 1 atm. We want a vapour composition of 60 % MeOH. What does the vapour flow rate need to be? What is the liquid composition? Give the equation of the operation line?

    Q : Hard links Explain the term hard links?

    Explain the term hard links?

    		•
  • Q : What is pneumatic system Pneumatic

    Pneumatic system is a system which employs air to power something. For illustration, have you seen the tube systems at the bank drive-up tellers? Air is employed to push the tubes back and forth from the teller to customer.

    Q : What is carnot engine Explain the term

    Explain the term Carnot engine?

    		•