Analysis of overall owning and operating costs and comparisons of alternatives requires an understanding of the energy units, electrical/mechanical losses, utility billing structures, cost of lost opportunities, inflation, interest, discounts, depreciation, and their relationship to the time value of money. This process, from basic system unit integration to losses collection and proceeding to economic analysis with full understanding of utility billing structures, is called microeconomic analysis. Owning and operating and maintaining over a period of time is called life-cycle cost analysis.
KeywordsInterest Rate Cash Flow Power Factor Building System High Heating Value
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