Insect Repellent Design Final Report Erin Ashley Scott Doman May - - PowerPoint PPT Presentation

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Insect Repellent Design Final Report Erin Ashley Scott Doman May - - PowerPoint PPT Presentation

Insect Repellent Design Final Report Erin Ashley Scott Doman May 4, 2006 Introduction The Repellent Market DEET (N,N-diethyl-m-toluamide) was discovered in 1946 The market has remained largely unchanged since then Consumer


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SLIDE 1

Insect Repellent Design

Final Report

Erin Ashley Scott Doman May 4, 2006

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SLIDE 2

Introduction

The Repellent Market

DEET (N,N-diethyl-m-toluamide) was

discovered in 1946

The market has remained largely

unchanged since then

Consumer pressures have led companies

to seek gentler and safer alternatives to DEET

OFF! and Cutter are the major players in

the repellent market

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SLIDE 3

Introduction

The Repellent Market

The company that can come up with an

economically feasible, user-friendly, safe product stands to gain a large share of the market.

Initial aim: develop a new repellent that

will accomplish these objectives

Investigate insect/repellent interactions

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SLIDE 4

Background

Insect Receptors

Types of Receptors

Thermoreceptors Mechanoreceptors

  • Tactile receptors
  • Sound receptors

Photoreceptors Chemoreceptors

  • Gustatory receptors
  • Olfactory receptors

Source: http://www.mediabum.com/images/mosquito.jpg

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SLIDE 5

Background

Insect Chemoreceptors

Olfactory chemoreceptors are

usually located on the antennae

Each antenna is covered in hair-

like sensilla containing neurons

Each antenna can have as many

as 75,000 receptor cells

Source: http://www.insectscience.org/3.2/ref/fig5.jpg

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SLIDE 6

Background

Chemoreceptor Mechanism

Protein Sodium Channel Source: http://www.pneuro.com/publications/insidetheneuron Source: http://www.bioweb.uncc.edu/BIOL3235

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SLIDE 7

Background

Insects of Interest

How do insects use their receptors to find humans?

Visual Stimuli: long distances Chemical Stimuli: short distances

  • Carbon dioxide from skin and breath
  • Lactic acid from skin

Temperature Stimuli: very close range

What types of insects

are interested in humans?

Mosquitoes Ticks Fleas

Source: http://static.howstuffworks.com/gif/mosquito6a.jpg

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SLIDE 8

Background

Repellent Mechanisms

What we need to know How insect repellents work

  • “Blockers”-blinds the insect to the presence of its

meal

  • “Repellents”-works opposite of an attractant
  • “Alarms”-sends a danger signal to the insect’s

brain

Characteristics of a certain molecule that

give it repellent properties

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SLIDE 9

Background

Repellent Mechanisms

Unfortunately, the true

mechanisms of repellents are not known!

According to Dr. Joel Coats

at Iowa State University, “Structure-activity relationships of repellents are unclear, and little definitive work has been done.…Vapor pressure is the only parameter significantly related to mosquito repellent activity.”

Source: Coats, Joel, “Insect Repellents- Past, Present, and Future”

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SLIDE 10

Background

A New Pursuit

Instead of developing a new repellent, we

plan to re-engineer an existing repellent

Market research is performed to determine

which repellents to re-engineer

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SLIDE 11

Background

Repellents in the U.S. Market

DEET

  • The most commonly used insect repellent
  • One of few repellents that can be applied to the

skin

  • Unpleasant scent
  • Damages plastic and other synthetic materials

Source: http://en.wikipedia.org/wiki/DEET

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SLIDE 12

Background

Repellents in the U.S. Market

Picaridin

  • Recently introduced in the US in Cutter Advanced
  • Shown to be as effective as DEET at equal concentrations
  • Recommended by Center for Disease Control (CDC) and

World Health Organization (WHO)

  • No scent
  • Does not damage synthetic materials

Source: http://picaridin.com/science.htm

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SLIDE 13

Background

Repellents in the U.S. Market

Cutter Advanced contains Picaridin at 7%

concentration

DEET is offered at concentrations up to 100% There is room in the market for more Picaridin

products

Cutter Advanced: 7% Picaridin Deep Woods OFF! For Sportsmen: 100% DEET

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SLIDE 14

Achieving the Objective

Develop a new repellent formula with

Picaridin as the active ingredient

Create a utility function to measure the

wants and needs of repellent consumers

Design a production and distribution model Analyze the economics and maximize the

profit of this formula

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SLIDE 15

Caveats

This is a preliminary

model

Many assumptions

made based on educated guesses

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SLIDE 16

The Utility Function

Describes the satisfaction a consumer

receives from using a product: U = ΣUiwi

U is the utility; w is the weighted average of each characteristic of the product that the consumer deems important; i is each characteristic Need to decide w, construct equations

for each characteristic

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SLIDE 17

The Utility Function

Repellent Characteristics

Maximize utility of each of the following

characteristics for an overall maximum utility

Effectiveness Durability Feel Form (Lotion or Spray) Toxicity Scent

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SLIDE 18

The Utility Function

Weights

A sample population was

surveyed to determine the preferences of consumers.

Target consumer: campers

and hikers

These preferences were

used to assign wi to each physical property (sum= 1).

Assumptions

0.05

Scent

0.09

Toxicity

0.14

Form

0.19

Feel

0.24

Durability

0.29

Effectiveness

Weight Property

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SLIDE 19

The Utility Function

Ingredients

Each ingredient chosen to increase the

  • verall utility

To increase effectiveness and durability:

use Picaridin

To improve scent and texture, add

fragrance and aloe

To dissolve ingredients and lower cost,

add ethanol

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SLIDE 20

The Utility Function

General Method

  • For each chosen characteristic:

1.

Relate utility to levels of the characteristic

2.

Relate these levels to results of a consumer test

3.

Relate test results to some physical property of the repellent formula

4.

Relate utility to repellent physical property for optimization

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SLIDE 21

The Utility Function

Effectiveness

Industry Standard Test

Mosquitoes in a box with a repellent sample on one side Percentage of the population on that side of the box after a

certain time shows the repellent’s effectiveness.

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SLIDE 22

The Utility Function

Effectiveness

E ffectivenss Utility to "Mosquitoes in a Box" Test 20 40 60 80 100 10 20 30 40 50 E ffectiveness (% of mosquitoes on repellent side of box) Utility (%)

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SLIDE 23

The Utility Function

Effectiveness

Concentration of Picaridin to Test

10 20 30 40 50 60 70 20 40 60 80 100 120 % Picaridin Effectiveness (% mosquitoes

  • n repellent side of box)
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SLIDE 24

Final Utility to Picaridin Relationship: U = 1.023*%Picaridin

The Utility Function

Effectiveness

Utility to Concentration of Picaridin

20 40 60 80 100 20 40 60 80 100 % Picaridin Utility (%)

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SLIDE 25

The Utility Function

Durability

Relate durability utility to levels of durability:

Amount of time repellent stays effective

10 20 30 40 50 60 70 80 90 100 2 4 6 8 10 12 Repellent Durability (hours) Utility (%)

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SLIDE 26

The Utility Function

Durability

Relate time to physical property of formula:

Vapor pressure of the mixture

Model evaporation of repellent off skin as a

function of time

Calculate the amount of time needed for

the concentration of repellent at a certain distance from the skin to fall below a set threshold concentration

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SLIDE 27

The Utility Function

Durability

Fick’s second law of diffusion cA = concentration of component A DAB = diffusion coefficient of component A t = time z = distance from skin, set at 0.3 m

2 2

z c D t c

A AB A

∂ ∂ = ∂ ∂

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SLIDE 28

The Utility Function

Durability

Fick’s second law becomes

where CAs = surface concentration using Raoult’s Law approximation

π t e c t c

t D z As A

AB

4

2 −

⋅ = ∂ ∂

( )

RT VP x RT p c

A A As

= =

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SLIDE 29

The Utility Function

Durability

Set time interval = 10 minutes Set initial concentrations of all components Start: CAs = partial pressure of each component Calculate CA of each component at z = 0.3 m Calculate amount of moles lost from liquid Recalculate liquid concentrations Recalculate new CAs based on new concentrations Repeat process until CA of Picaridin reaches 0.05 mol/m3

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SLIDE 30

The Utility Function

Durability

2 4 6 8 10 12 1000 2000 3000 4000 5000 Vapor Pressure (Pa) Duration (hr)

After correlating durability to several physical properties, initial vapor pressure of the mixture showed the strongest relationship.

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SLIDE 31

The Utility Function

Durability

2 4 6 8 10 12 1000 2000 3000 4000 5000 Vapor Pressure (Pa) Duration (hr)

10 20 30 40 50 60 70 80 90 1000 2000 3000 4000 5000 Vapor Pressure of Mixture (Pa) Utility (%)

After correlating durability to several physical properties, initial vapor pressure of the mixture showed the strongest relationship. This data was combined with the utility versus durability data to form a relationship between utility and mixture vapor pressure.

VP

e U

4

10 72 . 3

664 . 9 100

×

− =

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SLIDE 32

The Utility Function

Feel

Happiness to Feel

20 40 60 80 100 Very Sticky Somew hat Sticky Slightly Sticky Barely Sticky Nonsticky Feel (Stickiness Level) Happiness (%)

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SLIDE 33

The Utility Function

Feel

Feel to Transitional Variable

50 100 150 200 250 Very Sticky Somew hat Sticky Slightly Sticky Barely Sticky Nonsticky Feel Paper Basis W eight (lbs per 500 sheets)

Paper basis weight: weight of 500 sheets of a certain paper thickness Aloe and Fragrance can leave a sticky residue when used in large amounts. After applying a concentration of either component to the underside of the forearm, a 2” by 2” piece of paper is applied. The heaviest paper basis weight that will not fall off is used to describe the contribution of stickiness from each component to the final product.

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SLIDE 34

The Utility Function

Feel

F eel to Amount of F ragrance

50 100 150 200 250 20 40 60 80 100 Amount of Fragrance (% of formulation) Paper Basis Weight (lbs per 500 sheets)

F eel to Amount of Aloe

50 100 150 200 250 20 40 60 80 100 Amount of Aloe (% of formulation) Feel (stickiness)

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SLIDE 35

The Utility Function

Feel

F eel to Amount of F ragrance

50 100 150 200 250 20 40 60 80 100 Amount of Fragrance (% of formulation) Paper Basis Weight (lbs per 500 sheets)

F eel to Amount of Aloe

50 100 150 200 250 20 40 60 80 100 Amount of Aloe (% of formulation) Feel (stickiness)

Utility to Amount of Fragrance

y = -0.9589x + 100 R2 = 0.9935 20 40 60 80 100 20 40 60 80 100 Amount of F ragrance (% ) Utility (%)

Utility to Amount of Aloe

y = -0.7112x + 100 R

2 = 0.9878

20 40 60 80 100 20 40 60 80 100 Amount of Aloe (%) Utility (%)

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SLIDE 36

The Utility Function

Feel

Each ingredient contributes unequally to

consumer utility

Solution: weighted average Each relationship has a y-intercept of 100,

but differing rates of change: U = 100 – (0.9589*xfragrance) – (0.7112*xaloe)

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SLIDE 37

The Utility Function

Form

Happiness to Form 20 40 60 80 100 Lotion Spray Form Happiness (%)

Market research data showed that 83% of consumers prefer spray repellent over the lotion form. A repellent in spray form would give ‘100% happiness’ to 83% of consumers, but less happiness to the

  • ther 17%, approximated at 50%.

Thus, a spray repellent would have an

  • verall consumer utility of 92%.
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SLIDE 38

The Utility Function

Form

Happiness to Form 20 40 60 80 100 Lotion Spray Form Happiness (%) Form to Viscosity 50 60 70 80 90 100 110 Lotion Spray Viscosity (centistokes) Form

Market research data showed that 83% of consumers prefer spray repellent over the lotion form. A repellent in spray form would give ‘100% happiness’ to 83% of consumers, but less happiness to the

  • ther 17%, approximated at 50%.

Thus, a spray repellent would have an

  • verall consumer utility of 92%.

Liquids with a kinematic viscosity over 75 centistokes1 will be too thick to be sprayed by a finger pump. The relationship between form and utility can then be determined using an “If-Then” statement.

1www.jamestowndistributors.com/decoder_epifanestopcoats.jsp

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SLIDE 39

The Utility Function

Toxicity

Happiness to Toxicity

y = -25x + 125 R2 = 1 20 40 60 80 100 120 Least Slight Moderate High Extreme Toxicity Happiness

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SLIDE 40

The Utility Function

Toxicity

Happiness to Toxicity

y = -25x + 125 R2 = 1 20 40 60 80 100 120 Least Slight Moderate High Extreme Toxicity Happiness

Toxicity Descriptions

0.5 1 1.5 2 2.5 3 3.5 4 4.5 Least Slight Moderate High Extreme NFPA Description Toxicity

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SLIDE 41

The Utility Function

Toxicity

Happiness to Toxicity

y = -25x + 125 R2 = 1 20 40 60 80 100 120 Least Slight Moderate High Extreme Toxicity Happiness

Amount of Picaridin to Toxicity

0.2 0.4 0.6 0.8 1 20 40 60 80 100 Amount of Picaridin (%

  • f formulation)

Toxicity

Toxicity Descriptions

0.5 1 1.5 2 2.5 3 3.5 4 4.5 Least Slight Moderate High Extreme NFPA Description Toxicity

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SLIDE 42

The Utility Function

Toxicity

Happiness to Toxicity

y = -25x + 125 R2 = 1 20 40 60 80 100 120 Least Slight Moderate High Extreme Toxicity Happiness

Amount of Ethanol to Toxicity

0.2 0.4 0.6 0.8 1 20 40 60 80 100 Amount of Ethanol (%

  • f formulation)

Toxicity

Amount of Picaridin to Toxicity

0.2 0.4 0.6 0.8 1 20 40 60 80 100 Amount of Picaridin (%

  • f formulation)

Toxicity

Toxicity Descriptions

0.5 1 1.5 2 2.5 3 3.5 4 4.5 Least Slight Moderate High Extreme NFPA Description Toxicity

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SLIDE 43

The Utility Function

Scent

Happiness to Scent Provided by Fragrance 20 40 60 80 100 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%

Qualitative scent description and utility

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SLIDE 44

The Utility Function

Scent

Happiness to Scent Provided by Fragrance 20 40 60 80 100 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%

20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Amount of Fragrance (% of formulation)

Qualitative scent description and utility + % fragrance and qualitative scent description

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SLIDE 45

The Utility Function

Scent

Happiness to Scent Provided by Fragrance 20 40 60 80 100 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%

20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Amount of Fragrance (% of formulation)

Qualitative scent description and utility + % fragrance and qualitative scent description utility vs. % fragrance U = -9.09E-06 x4 + 2.151E-03 x3 - 0.160 x2 + 2.677 x + 89.6

y = -9.09427E-06x4 + 2.15070E-03x3 - 1.59924E-01x2 + 2.67741E+00x + 8.96006E+01 R2 = 9.96625E-01 10 20 30 40 50 60 70 80 90 100 20 40 60 80 100 Amount of Fragrance (% ) Utility (%)

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SLIDE 46

The Utility Function

Scent

Happiness to Scent Provided by Ethanol 20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%)

Qualitative scent description and utility

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SLIDE 47

The Utility Function

Scent

Happiness to Scent Provided by Ethanol 20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%)

Qualitative scent description and utility + % ethanol and qualitative scent description

Scent

20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Amount of Ethanol (% of formulation)

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SLIDE 48

The Utility Function

Scent

Happiness to Scent Provided by Ethanol 20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Happiness (%)

Qualitative scent description and utility + % ethanol and qualitative scent description utility vs. % ethanol U = 0.0081x2 - 1.7529x + 96.963 R2 = 0.9937

Scent

20 40 60 80 100 120 N

  • n

e T r a c e F a i n t S l i g h t M i l d M

  • d

e r a t e S t r

  • n

g H e a v y O v e r p

  • w

e r i n g Scent Power Amount of Ethanol (% of formulation)

y = 0.0081x2 - 1.7529x + 96.963 R2 = 0.9937 10 20 30 40 50 60 70 80 90 100 20 40 60 80 100 Amount of Ethanol (% ) Utility (%)

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SLIDE 49

The Utility Function

Scent

  • One ingredient has a positive effect, one has a negative

effect on consumer utility Solution: Weighted average: (Uethanol * xethanol + Ufragrance * xfragrance ) (xethanol + xfragrance )

  • Assumptions:

Picaridin, aloe are essentially odorless

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SLIDE 50

Optimization

Cost Analysis

Raw Material Costs Process Costs All process equipment Buildings Utilities Labor Shipping Costs Optimized plant location: Little Rock, AR Products shipped to 16 locations across the U.S. Advertising Costs Annual budget set at $1 million

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SLIDE 51

Optimization

The Production Process

  • Each Ingredient tank is designed to hold
  • ne week’s supply.
  • The Mixing tank is designed to hold half a

day’s production.

  • The Products tank is designed to hold up

to two days’ production.

  • The Products tank feeds to the

Packaging line, which is operated during weekdays only.

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SLIDE 52

Distribution centers were chosen to be able to

cover all sections of the US.

Percentage of production sent to each center was

allotted to supply each region based on population and perceived need for the product.

Assumptions: consumer utility is the same in each

market (same target consumer); relative prices remain constant in each region; budget constraints have constant ratio to prices

Optimization

Shipping

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SLIDE 53
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SLIDE 54

Optimization

Shipping

779 5 Pittsburgh, PA 648 7 Charlotte, NC 129 7 Memphis, TN 706 6 St Paul, MN 304 7 Baton Rouge, LA 1132 6 Billings, MT 1142 6 Phoenix, AZ 1133 7 Sacramento, CA 683 7 Albany, NY 484 7 Jacksonville, FL 326 7 Indianapolis, IN 551 7 Kansas City, MO 767 6 Lubbock, TX 1635 5 Denver, CO 1144 5 Salt Lake City, UT 1752 5 Eugene, OR Shipping Distance Percent of Production Received Distribution Center

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SLIDE 55

Optimization

Shipping

$25,243 Little Rock, AR $26,006 Birmingham, AL $25,919 Jackson, MS $26,067 Shreveport, LA $26,611 Lafayette, LA $25,680 Oklahoma City, OK Shipping Costs Location

Costs shown are per ton of production. This optimization showed that Little Rock, AR would be the best location for constructing our plant.

Source: uams.edu

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SLIDE 56

Optimization

Economic Analysis

Budget Constraint:

P1D1 + P2D2 ≤ Y

P is price; D is demand; Y is budget constraint; 1 is our product; 2 is the competition Price and Demand:

βP1D1 = αP2D2D1

α/D2 β

β is relative utility; α is relative consumer awareness

Source: http://www.bytefusion.com/products/ ens/secexmail/smart_guy_teaching_hr.gif

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SLIDE 57

Optimization

Economic Analysis

Algebraic manipulation and substituting for D2

gives:

(LHS) (RHS)

If the other parameters are given, the D1 that

makes this equation true is our annual production.

β α

β α

− −

        −         =

1 2 1 1 1 2 1 1

P D P Y P P D

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SLIDE 58

Optimization

Procedure

Demand Equation: α: relative consumer awareness, set at 0.9 β: relative utility = U2/U1 U1: combined utility of our formula U2: combined utility of competitor’s formula Y: market budget constraint P2: price of competitor

β α

β α

− −

        −         =

1 2 1 1 1 2 1 1

P D P Y P P D

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SLIDE 59

Optimization

Procedure

Set P1 and D1 Guess a composition of repellent formula U1 is calculated from this β is calculated from U1 Set up two cells in Excel: LHS and RHS of demand equation Enter all economic formulas into Excel, set to automatically

calculate based on D1

Annual Revenue Annual Return on Investment Use Excel Solver to set LHS and RHS cells equal to each

  • ther by changing concentration

Repeat for different D1’s Repeat for different P1’s

β α

β α

− −

        −         =

1 2 1 1 1 2 1 1

P D P Y P P D

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SLIDE 60

Maximized Utility Product

When utility is maximized: 93.6% Utility Resulting composition: Picaridin:

98%

Aloe:

0%

Ethanol:

2%

Fragrance:

0%

Cost to break even: Over $60 a pound

Source: http://www.parktudor.pvt.k12.in.us/innell/smiling%20sun.gif

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SLIDE 61

Maximized Utility Product

We want to make this product profitable. From market analysis, Market budget constraint: $25 million per year Competitor: Deep Woods OFF! for Sportsmen

  • 100% DEET
  • $96.00 per pound
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SLIDE 62

Maximized Utility Product

This product can be profitable! Demand: 125,000 pounds per year Price: $80 per pound ($5 per 1 oz. bottle) Net Income: $310,000 per year However, raw material costs are the

largest cost, so any deviations in these could have a large effect.

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SLIDE 63

Maximized Utility Product

Risk Analysis

Distribution for Net annual income, post-tax: / annually...

V alues in M illions

0.000 0.200 0.400 0.600 0.800 1.000

M ean= 178044.5

  • 4
  • 3
  • 2
  • 1

1 2 3 4

2.6 2.6 2.6 2.6

  • 4
  • 3
  • 2
  • 1

1 2 3 4

38.19% 61.14% .67%

2.6

M ean= 178044.5 M ean= 178044.5

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SLIDE 64

Maximizing Profit

The previous approach was deemed too risky, so it was

decided to develop a product with a larger consumer pool.

New aim: common repellents Less effective Less expensive New market budget constraint: $250 million per year New competitor: Cutter Advanced 7% Picaridin $16.00 per pound

slide-65
SLIDE 65

Maximizing Profit

Cash Flow versus Demand for Various Product Prices

  • $30,000,000
  • $25,000,000
  • $20,000,000
  • $15,000,000
  • $10,000,000
  • $5,000,000

$0 $5,000,000 1000000 2000000 3000000 4000000 5000000 6000000 7000000 8000000

Demand (pounds per year) Net Cash Flow ($ per year

$12 $15 $18 $21 $24 $26 $27 $28

slide-66
SLIDE 66

Maximized Profit Product

Resulting composition Picaridin:

43%

Aloe:

1%

Ethanol:

55%

Fragrance:

1%

Demand: 5 million pounds per year Price: $28 per pound ($10.50 per 6 oz. bottle) Net Income: $2.55 million per year

Source: http://www.mobileedproductions.com/images/chem1bandw.gif

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SLIDE 67

Maximized Profit Product

Risk Analysis

  • A standard deviation of 20% was assumed in the raw materials

costs

  • 55% chance of our product being profitable
  • Expected profit is -$500,000

Distribution for Net annual income, post-tax: / annually...

V alues in M illions

0.000 0.200 0.400 0.600 0.800 1.000

M ean=

  • 499329.3
  • 80
  • 60
  • 40
  • 20

20 40 60

  • 80
  • 60
  • 40
  • 20

20 40 60

44.96% 54.23% .81%

40

slide-68
SLIDE 68

Market Research Results: Cost versus Effectiveness of Product

$0 $13 $25 $38 $50 $63 $75 $88 $100 20 40 60 80 100 Effectiveness Utility Price per pound

Consumer Budget Constraint

Our product Uncertainty in trend begins Outside budget constraint Inside budget constraint Known Trend

slide-69
SLIDE 69

Conclusions

The Safer Choice Market the specialty repellent

  • Less risk involved
  • Less profit possible (millions)

The More Lucrative Choice Market the common repellent at a higher price

  • Riskier
  • Higher possible profit (10s of millions)
  • Because of uncertainty of budget constraint, further market

research should be performed

Source: http://www.oc88.com

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SLIDE 70

Environmental Impact

Production only involves mixing No gas releases No harmful byproducts All ingredients non-toxic Leaks present no serious

environmental concerns

Largest impact is related to shipping

(truck emissions)

Source: http://residentialvessels.com/environment.htm

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SLIDE 71

Recommendations for Future Work

Marketing Survey Revise to include “form” Increase sample size Refine budget constraint Production Investigate synthesis of Picaridin Miscellaneous Find more accurate costs and physical

property data

slide-72
SLIDE 72

Any Questions?