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Feasibility Study Template
Feasibility Study Template
Feasibility Study Template
ON
SENSOR
PREPARED BY
MUTHUVEL M
NEW WORLD
CHITHI VINAYAGAR KOVIL STREET
TENKASI,627-855
DATE:
Table of Contents
1.0 Executive Summary...................................................................................................................2
2.0 Operational Feasibility...............................................................................................................2
3.0 Technical Feasibility..................................................................................................................2
4.0 Economic Feasibility.................................................................................................................3
1.4. Cost to develop..............................................................................................................................................3
1.5. Payback Period.............................................................................................................................................3
1.6. Net Present Value..........................................................................................................................................3
1.7. Cost Benefit Analysis.....................................................................................................................................3
5.0 Schedule Feasibility...................................................................................................................3
1
The trend is toward the development of materials tailored to specific, or
targeted, applications rather than toward fundamental R&D without a
specific application-focus However, technology-driven, leading edge
research is vitally important, since the results from these efforts have the
potential to create entirely new products and markets
In the case of sensors for mass market applications, clearly defined R&D
strategies have frequently been identified and implemented. Exceptions to
this generalization of development approaches include niche markets, such
as well-defined defense applications.
Advancing the sensor technology state of the art has been limited by the lack
of a widely accepted language for describing sensor needs and performance.
Potential users of sensor technology often speak a different technical
language from the sensor technologists involved in developing sensors.
In response, the Committee on New Sensor Technologies: Materials and
Applications prepared a communication tool that employs a common set of
descriptors to map sensor application requirements to sensor technology
attribute, and vice versa.
Since the present report could not realistically provide a comprehensive list
of research opportunities for the entire field of sensor materials, a "case
study" method was used to illustrate the different driving forces and
considerations that affect the development and incorporation of new sensor
technologies
1995 Expanding the Vision of Sensor Materials.
A smart sensor is a device that takes input from the physical environment
and uses built-in compute resources to perform predefined functions upon
detection of specific input and then process data before passing it on.
2
2.0 Operational Feasibility
This study was designed in the form of research and development (R&D).
The research development aimed at creating a trainer and testing its
feasibility while clarified that the products were produced in accordance
with specific areas of expertise and effective in use.
The research implemented several stages, namely the needs of the media
analysis and manufacturing
3
4.0 Economic Feasibility
Do the problems or opportunities warrant the cost of a detailed study and
analysis of the current system?
4
1.6.Cost Benefit Analysis
Many consider this as one of the most important parts of a business analysis
as it is often the costs or savings a project yields which win final approval to
go forward. It is important to quantify the financial benefits of the project as
much as possible in the business case. This is usually done in the form of a
cost benefit analysis. The purpose of this is to illustrate the costs of the
project and to compare them with the benefits and savings to determine if
the project is worth pursuing.