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Simple model for determining economic feasibility of processing new oilseeds
Author(s) -
Mustakas G. C.,
Carlson K. D.
Publication year - 1979
Publication title -
journal of the american oil chemists' society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.512
H-Index - 117
eISSN - 1558-9331
pISSN - 0003-021X
DOI - 10.1007/bf02671756
Subject(s) - erucic acid , rapeseed , calculator , crambe , simple (philosophy) , economic feasibility , computer science , agricultural engineering , process engineering , engineering , economics , agronomy , environmental economics , philosophy , epistemology , biology , operating system
A simple model for programming the cost feasibility of processing a new oilseed has been developed that makes use of a programmable calculator. The analysis of cost factors developed in the study provides a realistic measure of the economic feasibility of an oilseed project. By comparing break‐even cost‐to‐make of a new oil with the market price of a competitive oil, a quick indication of the probable success of the project can be estimated. The method is illustrated with a comparison of Crambe abyssinica seed oil and high erucic acid rapeseed oil.