Our Services

Feasibility studies provide an understanding of whether a project is economically, technically, financially and socially feasible and sustainable, or not. Lumec provides economic feasibility studies, which are done by analysing market trends, assessing demand and supply dynamics, assessing competitors, and determining the project’s financial viability. Where required, this is done with technical inputs from industry experts, engineers, architects, financial and marketing specialists, and urban planners.

A feasibility study can be undertaken early into a project’s lifecycle (such as a pre-feasibility study using desktop information) to determine the high-level economic viability of a project, or it can be done comprehensively as an input into a business plan or funding application, and require significant primary and desktop research and numerous specialists. 

An example of a feasibility study undertaken by Lumec was to determine the economic and financial viability of establishing a hazardous waste incineration plant. Techniques utilised include market demand analysis, stakeholder engagement, value chain analysis, best practice analysis, benchmarking, cost-benefit analysis, demand and financial modelling, and socio-economic impact assessments.