Feasibility study

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Feasibility study

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.