Economic analysis in product design—A case study of a TCM dietary supplement

doi:10.1016/j.cjche.2015.06.014

Chinese Journal of Chemical Engineering ›› 2016, Vol. 24 ›› Issue (1): 202-214.DOI: 10.1016/j.cjche.2015.06.014

• 第25届中国过程控制会议专栏 • 上一篇

Economic analysis in product design—A case study of a TCM dietary supplement

Yuen Shan Cheng¹, Ka Yip Fung¹, Ka Ming Ng¹, Christianto Wibowo²

1 Department of Chemical and Biomolecular Engineering, The Hong Kong University of Science and Technology, Clear Water Bay, Hong Kong, China;
2 ClearWaterBay Technology, Inc., 4000 W. Valley Blvd. Suite 100, Pomona, CA 91789, USA

收稿日期:2014-10-27 修回日期:2015-04-15 出版日期:2016-01-28 发布日期:2016-02-23
通讯作者: Ka Ming Ng

Economic analysis in product design—A case study of a TCM dietary supplement

Yuen Shan Cheng¹, Ka Yip Fung¹, Ka Ming Ng¹, Christianto Wibowo²

1 Department of Chemical and Biomolecular Engineering, The Hong Kong University of Science and Technology, Clear Water Bay, Hong Kong, China;
2 ClearWaterBay Technology, Inc., 4000 W. Valley Blvd. Suite 100, Pomona, CA 91789, USA

Received:2014-10-27 Revised:2015-04-15 Online:2016-01-28 Published:2016-02-23
Contact: Ka Ming Ng

摘要/Abstract

摘要： An approach for the economic analysis of chemical product design is proposed. It takes into account of customers' preference on product quality and economic considerations such as pricing, profit, market share, capital investment, and operating cost. The activities needed to support business decision making-identifying product quality, estimating product cost, calculating financial metrics, and performing make-buy analysis-are discussed. The design of a Ganoderma lucidum dietary supplement, a traditional Chinesemedicinal (TCM) product, is used to illustrate all the activities in this approach.

关键词: Product design, Product conceptualization, TCM dietary supplement, Economic analysis, Make-buy analysis

Abstract: An approach for the economic analysis of chemical product design is proposed. It takes into account of customers' preference on product quality and economic considerations such as pricing, profit, market share, capital investment, and operating cost. The activities needed to support business decision making-identifying product quality, estimating product cost, calculating financial metrics, and performing make-buy analysis-are discussed. The design of a Ganoderma lucidum dietary supplement, a traditional Chinesemedicinal (TCM) product, is used to illustrate all the activities in this approach.

Key words: Product design, Product conceptualization, TCM dietary supplement, Economic analysis, Make-buy analysis

Yuen Shan Cheng, Ka Yip Fung, Ka Ming Ng, Christianto Wibowo. Economic analysis in product design—A case study of a TCM dietary supplement[J]. Chinese Journal of Chemical Engineering, 2016, 24(1): 202-214.

Yuen Shan Cheng, Ka Yip Fung, Ka Ming Ng, Christianto Wibowo. Economic analysis in product design—A case study of a TCM dietary supplement[J]. Chin.J.Chem.Eng., 2016, 24(1): 202-214.

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Economic analysis in product design—A case study of a TCM dietary supplement

Economic analysis in product design—A case study of a TCM dietary supplement

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