An Application of Multivariate Statistical Techniques for Cost Effective Decision Making ­ A Case Study

2005 ◽  
Vol 57 (1-2) ◽  
pp. 109-120
Author(s):  
Biswabrata Pradhan

This paper focuses on the application of multivariate statical techniques for making a cost effective decision in an industrial set up. The objective of this study is to take a decision with respect to several parameters whether a particular product can be sent to the customer or not. The techniques like MANOVA, discriminant and classification function analysis have been used to fulfil the objectives. An optimum classification rule has been established for making the decision. A cost benefit analysis has also been done after iniplementing the proposed optimum decision­making rule.

2007 ◽  
Vol 44 (02) ◽  
pp. 106-117
Author(s):  
Melanie Landamore ◽  
Richard Birmingham ◽  
Richard Birmingham

This paper presents a robust methodology for the investigation of economic and environmental costs within a marine system. It describes the methods used to establish system life-cycle costs, and compares them with their environmental effects to establish the cost-benefit of reducing environmental hazards (Landamore et al. 2006: Life Cycle and Cost Benefit Analysis of Selected Technologies for Sustainable Inland Boating, Newcastle University, January). The case study is a small inland charter boat, operating on the Norfolk Broads, with varying options for powering, hull material, and graywater (GW) treatment. The principles described in this paper can be used to guide the efficient, cost-effective design of any system along sustainable principles. Environmental life-cycle analysis is performed, and the economic cost of each alternative is established. The results presented in the paper show that the majority of systems are cost effective for reducing environmental impact. In addition, a number of systems can be implemented without extra cost, though it is demonstrated that the high cost of the most environmentally effective technologies makes them an inefficient use of resources.


2000 ◽  
Vol 41 (9) ◽  
pp. 123-130
Author(s):  
N. Jardin ◽  
L. Rath ◽  
A. Sabin ◽  
F. Schmitt ◽  
D. Thöle ◽  
...  

On the basis of a cost-benefit analysis it was decided to expand the Arnsberg WWTP by a multistage biological process which allows for cost-effective integration of the existing facilities. Carbon removal will then be accomplished in a high-loaded activated sludge stage for which the existing primary clarifier is to be reconstructed. The existing trickling filters will be used for nitrification during a midterm period and will be replaced later on either by a moving bed system or by new trickling filters. Line 3 of the existing secondary clarifiers will be reconstructed and used for post denitrification in a moving bed system. The carbon needed for denitrification will be provided by means of sludge hydrolysis and the use of an external carbon source.


Water ◽  
2021 ◽  
Vol 13 (5) ◽  
pp. 661
Author(s):  
Luigi Piazzi ◽  
Stefano Acunto ◽  
Francesca Frau ◽  
Fabrizio Atzori ◽  
Maria Francesca Cinti ◽  
...  

Seagrass planting techniques have shown to be an effective tool for restoring degraded meadows and ecosystem function. In the Mediterranean Sea, most restoration efforts have been addressed to the endemic seagrass Posidonia oceanica, but cost-benefit analyses have shown unpromising results. This study aimed at evaluating the effectiveness of environmental engineering techniques generally employed in terrestrial systems to restore the P. oceanica meadows: two different restoration efforts were considered, either exploring non-degradable mats or, for the first time, degradable mats. Both of them provided encouraging results, as the loss of transplanting plots was null or very low and the survival of cuttings stabilized to about 50%. Data collected are to be considered positive as the survived cuttings are enough to allow the future spread of the patches. The utilized techniques provided a cost-effective restoration tool likely affordable for large-scale projects, as the methods allowed to set up a wide bottom surface to restore in a relatively short time without any particular expensive device. Moreover, the mats, comparing with other anchoring methods, enhanced the colonization of other organisms such as macroalgae and sessile invertebrates, contributing to generate a natural habitat.


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