Net Value Analysis
See slides
determine which options has most positive net value for the lab
Net valueLab=BenefitsLab−CostLab
Simulation: gold nanoparticles
NVP(relative to purchasing) NVF(relative to purchasing) NVnR(relative to purchasing) =NVP−NVP=0=NVF−NVP=CP−CF=NVnR−NVP=CP−CnR
relative to purchasing
NV=$896week−1−(100mL$5qingred+hr$12.5tFumeHood+hr$100tSEM+hr$15tGradStudent+Cother)