Using Techno-Economic Analysis to make confident decisions
Posted on 03/12/2018
With changes to the fields of process intensification, biotechnology, electrification, artificial intelligence and advanced materials in the face of manufacturing, techniques such as rapid Teachno-Economic Analysis (TEA) modelling can be a valuable tool to inform timely decision making and business strategy. Companies can gain an advantage by nurturing in-house capability to assess opportunities and risks to their existing business models.
The University of Nottingham is holding a three-day workshop, on 25-27 February 2019, to provide delegates with a comprehensive understanding of TEA, and equip them with practical modelling skills. The Maximising Your Investment in Emerging Technology course is designed to enable engineers, scientists, designers and investors to identify value from emerging technologies and processes.
At the end of the course participants will be able to develop bespoke TEA models to evaluate the financial viability of emerging process technologies and will understand how to use model outputs to evaluate life cycle environmental impacts.
The course content will include:
- Conceptual Process Flow Design
- Mass and Energy Balancing
- Capital Cost Estimation
- Variable Operating Cost
- Fixed Operating Cost
- Investment Analysis
- Product & Feedstock price forecasting
- Sensitivity analysis
- Integration of Life Cycle Analysis (LCA)
You can find out more and register here.