Cost estimation and energy price forecasts for economic evaluation of retrofit projects

2003 ◽  
Vol 23 (14) ◽  
pp. 1819-1835 ◽  
Author(s):  
M Taal
Author(s):  
Bryan R. Luce ◽  
Anne Elixhauser

The complexities and nuances of evaluating the costs associated with providing medical technologies are often underestimated by analysts engaged in economic evaluations. This article describes the theoretical underpinnings of cost estimation, emphasizing the importance of accounting for opportunity costs and marginal costs. The various types of costs that should be considered in an analysis are described; a listing of specific cost elements may provide a helpful guide to analysis. The process of identifying and estimating costs is detailed, and practical recommendations for handling the challenges of cost estimation are provided. The roles of sensitivity analysis and discounting are characterized, as are determinants of the types of costs to include in an analysis. Finally, common problems facing the analyst are enumerated with suggestions for managing these problems.


2014 ◽  
Vol 625 ◽  
pp. 635-638
Author(s):  
Khuram Maqsood ◽  
Abul Hassan Ali ◽  
Azmi Mohd Shariff ◽  
Saibal Ganguly

Different cryogenic networks for the separation of carbon dioxide from natural gas with different feed composition namely, high CO2 content feed and high hydrocarbon feed have been simulated. Equipment sizing and cost estimation has been carried out for the cryogenic networks using the correlation equations provided in the literature. Methane losses and additive requirements in each network has been compared and evaluated.


2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Xiao Xu ◽  
Christina M. Lazar ◽  
Jennifer Prah Ruger

Abstract Background Concerns about rising health care costs require rigorous economic study to inform clinical and policy decision-making. Micro-costing is a cost estimation methodology employing detailed resource utilization and unit cost data to generate precise estimates of economic costs. Micro-costing studies have not been critically appraised. Methods Critical appraisal of micro-costing studies in English. Studies fully or predominantly employing micro-costing were appraised for methodological and reporting quality through economic evaluation guidelines (Evers, Drummond, Consolidated Health Economic Evaluation Reporting Standards (CHEERS), Fukuda and Imanaka checklists). Following the Panel on Cost Effectiveness in Health and Medicine, micro-costing studies were defined as involving “direct enumeration and costing out of every input consumed in the treatment of a particular patient.” Results Full or predominant micro-costing studies included  neoplasms (18.5%), infectious and parasitic diseases (17.9%), and diseases of circulatory systems (10.8%) as the  most studied diseases. 36.9% were in the United States and 34.9% were in Europe. 33.8% did not report analytic perspective, 32.8% did not report price year, 3.6% did not inflation adjust cost data, and 44.1% did not specify inflation adjustment. 86.2% did not separately report unit costs and resource utilization quantity, 14.9 and 19.5% did not provide sufficient detail to assess appropriateness of measured physical units or valued costs. Conclusions Micro-costing studies vary widely in methodological and reporting quality, highlighting the need to standardize methods and reporting of micro-costing studies and develop tools for their evaluation.


2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Thanthima Suwanthawornkul ◽  
Naiyana Praditsitthikorn ◽  
Wantanee Kulpeng ◽  
Manuel Alexander Haasis ◽  
Anna Melissa Guerrero ◽  
...  

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