Feasibility study

The feasibility study was initiated in the United States in the 1930s to develop the Tennessee Valley. In the past 20 years, with the development of technology, economics and management science, the feasibility study has been continuously enriched and improved. Its application has expanded to various construction fields and has become a systematic scientific research method. “Feasibility” means major issues in the proposed new construction, expansion or reconstruction project, such as product development prospects, market demand analysis, size determination, site selection comparison, resource supply sources and requirements, and processes. process and equipment selection, project implementation plans, investment estimation and capital raising, production costs and profit calculations, payback period and reimbursement, etc., carry out detailed research and analysis and comparison, make a full technical and economic feasibility studies, to determine "feasible "It is still "not feasible", is to determine whether to build this project, or to give up it. This system work research process is called feasibility study.

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