Techno-Economic Evaluation of the Production of Dysprosium-Doped Cobalt Ferrites Nanoparticles by Sol-Gel Auto-Combustion Method

Abstract

The purpose of this study was to examine two models of the economic feasibility of producing nanoparticle of dysprosium-doped cobalt ferrites by sol-gel auto-combustion method, from a laboratory scale to an industrial scale, including technical analysis and economic evaluation. Various economic evaluation parameters were analyzed to report the fabrication potential of dysprosium-doped cobalt ferrites nanoparticles in the case of the time required for a speculation to recover its total initial expenditure (PBP), the conditions of a generating project in the production function in years (CNPV), undertaking profits, etc. The results of the economic feasibility study on the production of dysprosium-doped cobalt ferrites nanoparticles showed that all parameter changes gave positive values, demonstrating that this project might have been practical to run commercially and on a large scale. Technical analysis to produce 26.4 tons of dysprosium-doped cobalt ferrites nanoparticles per year reveals that investment will be gainful then afterward more than three years. This project emulates PBP capital market guidelines due to the crisp return on investment. Estimates range from ideal to worst-case states in production to ensure project feasibility, including labor, sales, crude materials, utilities, external factors, and taxes.