Feasibility Study On The Technique Reformation Of Dongyue Co., Shandong Province

Using the theory of financial evaluation and the research on feasibility study of investing in items, this article is aiming to evaluate the feasibility of the item of investing in furcated joint manufacturing. First of all, the background of item research and development and the industrialization and the necessity to bring forward is introduced. The present condition in market and its condition of competition of furcated joint, the capacity of market and its trend to grow, the circumstance of supply change, the influence of the trend of development in motorcar manufacturing to this product are detailedly analyzed using interrelated theory. Secondly, starting from the theory development of feasibility research, this article introduces the theory develop period of feasibility research, and the development of feasibility research in China. Then the concept, method, contents and the effect of theory of feasibility research are illuminated. Thirdly, the project appraisal is introduced, and then detailedly narrated the project periods, the procedure of project appraisal and the contents of project appraisal and its basic principle, from which derives the methods and basic guide line of economy appraisal, and then detailedly narrates the theory and methods of project appraisal and uncertainty analysis By simply introducing furcated joint, it narrates the importance in a full automobile that it is an very important security part which is manufactured complicatedly, then discusses the advantage of producing this part in corporation and the manufacture amount. After retrospecting the domestic automobile industry in recent 20 years, we recognize the trend of automobile development and forecast in which way every automobile style is developing. The foreground of automobile industry development is opened out and it also provides a wide market for the furcated joint. Through analyzing the market environment of furcated joint after entering WTO it indicates that a company should be guided by market, improve its technical equipment level, manufacturing management, after service level and products exploitation capability, mean while produce furcated joints with high quality and low cost, so that it could occupy a position during the intense competition in the market. Based on the market survey, the products and manufacture guide line of this technical reformation are established. Refer to this guide line, the make up of project and the main reformation contents are detailedly introduced. According to the process of products techniques, the project disassembly is carried out in the way of forging, heat treatment and machining. As request of feasibility research, practice is taken in saving energy source, environment protecting and occupation security and sanitation, which makes this project accord with the national guide line. In the end, a further discussion is carried through about this project on financial affairs, and the total project investment and capital source are confirmed according the construction scope. Basic hypothesis is made about sale, price level and product life-span according current economy functions. Basic datasheet comes out and based on which sale income, total cost fare, tax and profit are calculated. So profit capability analysis, discharge capability analysis and uncertainty analysis (including profit and loss analysis and sensitivity analysis) of financial affairs are carried on. Finally, conclusion is educed that the analysis results indicates that this project is feasible in both financial affairs and economy.