Deriving an Economic Model for the Production of New Materials

Abstract:

This paper introduces a comprehensive economic model, developed for the assessment of nanomaterials production and application under the international SHYMAN project. Its major challenges include uncertainties relating to estimates of future demand for particular materials and final products, as well as accession of new commercial applications and reactions of competitors. These are being addressed by the innovative combined use of life cycle costing and real option appraisal within the framework of a statistical simulation model.

• Periodical: Applied Mechanics and Materials (Volume 718)
• Pages: 3-8
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.718.3
• Online since: December 2014
• Authors: Jan Vlachý*, František Freiberg
• Keywords: Life Cycle Costing, Nanomaterials Production, Real Options, Statistical Simulation

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