Techno-Economic Analysis for New Technology Development
- Type: Archived Webinar
- Level: Intermediate
- Duration: 1 hour
- PDHs: 1.00
Does your latest innovation make economic sense? Take this webinar to discover a valuable tool to guide your decision making.
Learn how to answer important questions before you invest in new technology, including: Is this technology profitable in its current state? If not, how much does it need to improve? In what ways? Which parameters should your R&D program focus on first? How sensitive are the process economics to market fluctuation? Explore how a good techno-economic model can help you understand your technology, efficiently explore the relationships between process parameters and financial metrics, and offer a basis for making objective decisions. Discover how to integrate and leverage process engineering techniques you’re already familiar with—such as process modeling, equipment sizing and economic calculations—into a single, holistic spreadsheet model. This webinar also offers new insight into sensitivity analyses, like tornado diagrams and Monte Carlo analyses, to direct your R&D and identify risks.
Chris Burk is a chemical engineer and an independent consultant. He works with companies that are developing or investing in new process-related technologies - helping them connect science, engineering, and business through techno-economic modeling. His clients have included VC firms, universities, national labs, independent startups, and startup incubators.
Previously, he spent twelve years in industry, working with new chemical technologies ranging from lab-scale R&D to pilot plant operation. Most recently he was a senior process engineer with New Sky Energy in Boulder,...Read more
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