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A feasibility study in industrial engineering is a comprehensive assessment that evaluates the viability of a proposed project. This type of study is crucial for determining whether a project is worth pursuing and involves a detailed analysis of various factors including technical, economic, legal, operational, and environmental aspects.
The outcome of a feasibility study is typically a detailed report that includes an executive summary, analysis of key factors, conclusions, and recommendations. This report serves as a crucial decision-making tool, helping stakeholders determine whether to proceed with the project, make adjustments, or abandon it altogether.
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