Published on 04 February 2015
Written by Ehsan
An analysis and evaluation of a proposed project (performance of line product, designing, manufacturing & etc.) to determine if it :
is technically feasible,
is feasible within the estimated cost,
and will be profitable.
Feasibility studies are almost always conducted where large sums are spend for establish a new plant. feasibility studies are detailed studies that involve the use of metrics and data specific to the plant under consideration.