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California water officials have estimated that the total costs of drinking water solutions for communities statewide amount to $11.5 billion over the next five years.
The levelized cost of water (LCOW or LCW) is the "cost per unit volume of product water produced by a water treatment process or service". It is a measure of efficiency, with lower values representing more efficient methods. LCW can refer to drinking water for human consumption or water for irrigation. [1]
Raw material and waste treatment costs are estimated by applying prices to raw material and waste flow rates from the process model. Similarly, utility costs are estimated by applying prices to the utility rates from equipment sizing. [5] Operating labor can be estimated based on equipment size, quantity, and type.
Within this choice set, the preferred water tariff depends on multiple factors including: the goals of water pricing; the capacity of a water services supplier to allocate its costs, to price water, and to collect revenues from its customers; the price responsiveness of water consumers; and what is considered to be a fair or just water tariff. [4]
In water policy analysis, meta-regression has been used to evaluate cost savings estimates due to privatization of local government services for water distribution and solid waste collection. [12] Meta-regression is an increasingly popular tool to evaluate the available evidence in cost-benefit analysis studies of a policy or program spread ...
A cost estimate is often used to establish a budget as the cost constraint for a project or operation. In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering ...
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