Evaluation, Selection, and Business Plan

We begin by listing the attributes of our product designs and make comparisons. The factors of a product design may be divided into  

These factors can also be organized as a multiscale optimization problem by their operations, which is seen in table 11.5. The chemistry of manufacturing is mostly concerned with the nanometer to micrometer scales of molecules and colloids, and process engineering is mostly concerned with the millimeter to meter scales of components and equipment. The systems of plants and markets operate in the kilometer scale, and the global environment operates in the thousand kilometer scale. 

Equipment, m Trays, beds, heat exchangers, pumps, reactors, separators 

Systemic, km Plant, refinery, firm, market, finance 

The most influential and determining factors in decision making are the quantitative financial analyses, which are used to declare the winner as the best use of the firm s assets. The criteria used most often are the net present value, NPV, and the internal rate of return, IRR. A financial plan begins with a time horizon, such as 5 years, and the forecast of a number of parameters of expenditures and incomes for each of the years, on  

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Evaluation, Selection, and Business Plan Multifactor optimization Finance, return, and risk Business plan References... 

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