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Materials Selection & Decision Making

Home › Materials Science & Engineering Center

Material technical and economic decisions are inter-related. If you consider only technical issues, you run the risk of developing a material with limited market prospects. If you consider only economic issues, you may miss the market opportunity. To avoid these pitfalls, you heed to ask the following questions:

• Are there any barriers to entry that would inhibit your product's adoption and growth?
• Does your new material cost more to manufacture than competing materials? Or, will it incur processing difficulties which could impact its usefulness?
• Does your team evaluate both technical and economic issues together to assess the true potential of your material?
• And, most important, what processing alternative is optimal - especially from the cost perspective?

The answers to these questions will help you address the materials technology decisions as well as their economic impact on your business.