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Assessments based on an outline design of proposed operational requirements. These can be quantified in terms of historic volumes of traffic, future trends, frequency of operations, etc. in order to estimate whether the proposed system will perform adequately or not. Technological feasibility is carried out to determine whether the company has the capability, in terms of materials, equity, personnel and expertise, to handle the completion of the project
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Economic analysis is also used to evaluate the effectiveness of a proposed operation to determine the benefits and savings that are expected and compare them with costs. If benefits outweigh costs, then the decision is made to design and implement the operation to assist the prudent investor to weigh costs-versus-benefits before taking an action.
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Operational feasibility is a measure of how well a proposed operation solves the problems, and takes advantage of the opportunities perceived and how it satisfies the requirements identified in analysis phase of operations design and development.
Last Updated on Friday, 05 November 2010 14:57