Techno-economic assessment

Method of analyzing the economic performance of an industrial process

Techno-economic assessment or techno-economic analysis is a method of analyzing the economic performance of an industrial process, product, or service. The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes. It typically uses software modeling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters. One desired outcome is to summarize results in a concise and visually coherent form, using visualization tools such as tornado diagrams and sensitivity analysis graphs.

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