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The total net profit attributed to the entire future relationship with a customer or product. It informs investment strategies and resource allocation.

The period of time from product development to commercial availability. Minimizing this can provide competitive advantage and impact return on investment.

The value of cash flows over the lifetime of a plant project, discounted back to present-day terms. It's used to assess the profitability of a new project and compare investment alternatives.

A calculation to determine the volume of production at which total revenues equal total costs. It's crucial for price-setting and planning production levels.

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment. Important for evaluating the risk and liquidity of the project.

Costs that vary directly with the level of production. These are important to understand for operational flexibility and marginal cost calculations.

Ratio of profit derived from goods and services sold to the costs associated with producing them. It's a measure of profitability and efficiency of a plant.

The acquisition of additional business activities at the same level of the value chain. This can lead to economies of scale and increased market power.

The up-front investment required to construct a chemical plant. It has a significant impact on the plant's economic feasibility and return on investment.

The cost of an alternative that must be forgone to pursue a certain action. Relevant for making economically efficient allocation of resources.

The discount rate that makes the NPV of all cash flows from a particular project equal to zero. It's used to evaluate the attractivenes of investments or projects.

The cost of producing one additional unit of product. It is crucial for understanding optimal production levels and pricing strategies.

The study of how the uncertainty in the output of a model can be apportioned to different sources of uncertainty in the model input. It helps identify which variables have the most impact on the plant's economics.

Costs that do not change with the amount of goods or services produced over the short term. Important in the context of plant capacity utilization and cost management.

The ongoing expenses needed to maintain the daily function of a chemical plant. It determines the long-term profitability and cost-effectiveness of the plant operations.

The capacity of a process or system to handle a growing amount of work, or its potential to be enlarged to accommodate that growth. Important for long-term planning and investment decisions.

The financial gain divided by the cost of investment. Indicates how beneficial an investment is, or the efficiency of different investments.

The cost advantage achieved when production becomes efficient, causing the cost per unit to fall as scale of operation increases. Important for determining optimum plant size.

The rate used to calculate the present value of future cash flows. It reflects the time value of money and risk of the cash flows.