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Economic Assesment (TEA, LCC)

What is economic assessment?

Economic assessment is the process of evaluating the financial feasibility and cost-effectiveness of innovative technologies, products, or services. It provides a clear understanding of the economic performance of a project throughout its lifecycle, helping organisations make informed investment decisions, improve resource allocation, and enhance market competitiveness.

What we offer

At LOMARTOV, we specialise in two key methodologies that ensure your innovations are not only sustainable but also economically viable in the competitive global market:

  • Techno-Economic Assessment (TEA): Evaluates the technical feasibility and economic viability of emerging technologies.
  • Life Cycle Costing (LCC): Analyses the total cost of a product or service over its lifecycle—from production to disposal.

Our economic assessment services

Benefits for your innovation

  • Understanding of the economic risks and opportunities tied to your project.
  • Optimised resource allocation across your value chain.
  • Enhanced market readiness through market insights and financial strategies.
  • Compliance with EU policies and secured funding through relevant programs.
  • Risk mitigation through robust sensitivity and risk analyses.

Contact us

We are at your disposal for any questions you wish to ask.

Our experienced team will contact you further.