Techno-Economic Analysis
Including: Material cost; Utility cost; Equipment cost; Labor cost; Transport; Consumable; Maintain; Install
Techno-economic analysis (TEA) is a method of analyzing the economic performance of an industrial process, product, or service. It typically estimates capital cost, operating cost, and revenue based on technical and financial input parameters.
The results are presented in a concise and visually coherent format, often including sensitivity analysis graphs.
At present, TEA is most commonly used to analyze technologies in the chemical, bioprocess, energy, and similar industries.
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