Net Value Analysis See
determine which options has most positive net value for the lab
Net value Lab = Benefits Lab − Cost Lab \text{Net value}_{\text{Lab}} = \text{Benefits}_{\text{Lab}} - \text{Cost}_{\text{Lab}} Net value Lab = Benefits Lab − Cost Lab Simulation: gold nanoparticles
N V P (relative to purchasing) = N V P − N V P = 0 N V F (relative to purchasing) = N V F − N V P = C P − C F N V n R (relative to purchasing) = N V n R − N V P = C P − C n R \begin{aligned}
NV_P \text{(relative to purchasing)} &= NV_P - NV_P = 0 \\\
NV_F \text{(relative to purchasing)} &= NV_F - NV_P = C_P - C_F \\\
NV_{nR} \text{(relative to purchasing)} &= NV_{nR} - NV_P = C_P - C_{nR} \\\
\end{aligned} N V P (relative to purchasing) N V F (relative to purchasing) N V n R (relative to purchasing) = N V P − N V P = 0 = N V F − N V P = C P − C F = N V n R − N V P = C P − C n R relative to purchasing N V = $ 896 week − 1 − ( $ 5 100 mL q ingred + $ 12.5 hr t FumeHood + $ 100 hr t SEM + $ 15 hr t GradStudent + C other ) NV = \$896 \, \text{week}^{-1} - \left( \frac{\$5}{100 \, \text{mL}} q_{\text{ingred}} + \frac{\$12.5}{\text{hr}} t_{\text{FumeHood}} + \frac{\$100}{\text{hr}} t_{\text{SEM}} + \frac{\$15}{\text{hr}} t_{\text{GradStudent}} + C_{\text{other}} \right) N V = $896 week − 1 − ( 100 mL $5 q ingred + hr $12.5 t FumeHood + hr $100 t SEM + hr $15 t GradStudent + C other )