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SINGLE PARAMETRIC APPROACH




C = C'(X/X')n


The cost C of the current project of size X, where X is a size-quantifier (like gallons/day), is related to a similar historic project of size X' and cost C'. n is an empirical power factor, derived by comparing the costs of two or more similar historic cases. In the absence of other information, n is taken as n=0.6




















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