Several methods can be employed to assess the economic viability of catalytic processes:
Cost-Benefit Analysis (CBA) This method compares the costs of implementing a catalytic process with the expected benefits. Factors such as material costs, energy savings, and waste reduction are considered to determine the net economic benefit.
Life Cycle Assessment (LCA) LCA evaluates the environmental and economic impacts of a catalytic process over its entire lifecycle, from raw material extraction to disposal. This comprehensive approach helps identify hidden costs and benefits.
Return on Investment (ROI) ROI measures the profitability of an investment in catalytic processes. It considers initial costs, operational savings, and revenue generated to determine the payback period and overall financial viability.
