The building and construction of a new circulation center for liquid chemicals near New york city City would need a feasibility study. The feasibility research study is performed as a “phase [which] considers the technical aspects of the conceptual alternatives and provides a firmer basis on which to choose whether to undertake the job” (Kerzner, 2009, p. 419).
Thus, it can be seen that carrying out an expediency for the purpose of building a brand-new distribution facility would show the pertinent info that enables the management to make the essential actions and likewise functions as the methods through which the efficiency and performance of this can be seen in order for decisions to be made on whether it is going to be implemented or not.
In conduct a feasibility research study for the said center, it is necessary to understand the impact it has on other centers, the transportation expenses, and the stock levels and assessments; all of which require essential data for it to be gathered.
On the other hand, the items which are going to be dispersed in this site would also need to be figured out ahead of time together with the costs for construction, property, and operations in the new site.
In conducting a feasibility research study, it is needed that quantitative data is gathered for the function of producing a standard and comparison of what is the anticipated outcome of the project. However, quantitative data can not base on its own but ought to be backed up by qualitative interpretation and evaluation of the previously-provided quantitative data (Bangemann, 2005).
To understand the effect it has on the existing facilities, historical data ought to be taken on the volume of transactions happening in these centers with the special note for the modifications that occurred with every brand-new center that are added to the business.
Moreover, an understanding of the transportation changes related to the construction of a new site requires data to be gathered from the distance that this new facility has in relation to the location of the existing clients. For the raw inputs and the need for transportation between one facility to another, the distance and the projected costs should also be considered in light of the volume of each trip made. Aside from the costs, the time spent for transportation should also be assessed and corresponding alternatives should also be shown.
When it comes to inventory and valuation, the capacity of the new location should be known to the one conducting the study in determining the inventory levels and the valuation associated with it.
The inventory, together with the prevailing turnover, for the products in the said area can be known through industry standards and the competitors, if they would allow such information to be known through transparency to the public. The inventory levels could also be checked through the demands for the products being served by the company in the said area and the existing historical data that is available for the company.
Not all of the products can be accommodated into this facilities and careful analysis would have to be considered when actually categorizing the products which are going to be distributed here and those which are not. In doing this, it is necessary to understand that the current demand in the said location would have to affect what products are going to be made available in the new facility. The dependence of supply and demand on one another is because of the interplay of the demand and supply curve, which is primarily driven by economic forces (Hirshleifer & Glazer, 2005).
Definitely, there are going to be clients who are near the new site which is going to be build near New York and would rather go there for their needs. These clients, because of geographical differences, would also have requirements other than that which can be found in other facilities because of changing needs and demographics. More so, there might be pertinent rules and regulations in this particular state which is not present in other states where the company operates other facilities.
These rules and regulations would also affect what is going to be distributed especially with the consideration of the impact it has on the safety of the individuals in the said facility. The density of the population would definitely serve as one of the factors for the regulation in this new site. More so, there are restrictions when it comes to the chemicals which can be made available here because of the transportation requirements and the storage facilities that are going to be used to transport the chemicals from one place to another.
In order to gather data on the costs for real estate, construction, and operations, it is necessary to evaluate the current prices that exist within the state. There are standards or averages which can be relied upon when assessing the projected costs. Historical data would have to be considered for this purpose and from there, the estimate of the costs for land, construction, and operations can be considered. More so, there are other facilities existing and the costs for these can be obtained through their financial reports.
While it may not exactly be the same for the current facility being considered, it is already enough for the purpose of assessing the projected costs of these three. It should be noted that for real estate, it is now easier to check the prices since the market price for real estate properties are readily made available through the real estate companies or can be obtained through the government agencies which have a database for this kind of information.
Remember! This is just a sample.
You can get a custom paper by one of our expert writers.
Get your custom essay
Helping students since 2015
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download