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Cost Estimation Algorithm
Posted: Sun Feb 02, 2014 11:59 pm
by Bioperson
Hi, I am currently aiming to estimate the cost of creating a type of nanoparticle used in medical imaging and compare it to the cost of another medical imaging method. What type of models can I use for these kind of lab process cost estimations?
thanks.

Re: Cost Estimation Algorithm
Posted: Tue Feb 04, 2014 11:17 pm
by deleted-71603
Hello. We moved your post from the math and computer science forum to the physical science forum. I'm hoping someone knowledgeable in the medical field will be able to help you with your question.
Good luck, and thanks for using Science Buddies!
Re: Cost Estimation Algorithm
Posted: Tue Feb 11, 2014 4:19 pm
by deleted-71487
It's very difficult to answer a general question like this. Can you provide more information about what the nanoparticles are, what your assumptions are regarding things like purity, etc., and what the alternative mechanism is?
Re: Cost Estimation Algorithm
Posted: Mon Feb 17, 2014 11:57 pm
by Bioperson
Hi,
I've designed a nano particle that is sensitive to reactive oxygen species generated within the body. This nanoparticle is a lipid-polymer hybrid and I have all the materials and procedures needed to synthesize this nano particle. To prove the potential of this design in improving the efficiency of medical procedures- for example, MRI Imaging, I want to compare the process of detecting a neurodegenerative disease using this nanoparticle design and the regular process of detecting the same disease without the nanoparticle design. I'm wondering if there is an algorithm or a model that can be used to prove the potential of my design in reducing cost.
Re: Cost Estimation Algorithm
Posted: Tue Feb 25, 2014 10:19 pm
by deleted-71487
I'm guessing from the lack of answers that no one here has any idea about how to do this. There are a number of mechanisms used in business to estimate the production cost of a process, but it's not really a scientific question so we're not really the kind of experts you would need for that aspect of your project.