14.7. Recommended practice for feasibility studies
The development of an industrial investment project from the stage of the initial idea until the plant is in operation can be shown in the form of a cycle comprising three distinct phases: the preinvestment, the investment, and the operational phases. The objective of this recommended practice is to explore a sound and well-established procedure for carrying out the various studies required during the preinvestment phase in general and within the feasibility studies in particular.
This recommended practice is set forth to explore the problems encountered in carrying out the various studies required during the feasibility studies of an industrial investment project.
The preinvestment phase (see ...