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Cost Scale-Up Factors For Airport Construction, Donald S. Remer, Christopher Wong '96
Cost Scale-Up Factors For Airport Construction, Donald S. Remer, Christopher Wong '96
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Engineers must often make a quick "ballpark" cost estimate of a new plant, facility, or piece of equipment before the detailed design phase. One easy way to obtain such an estimate is to base the cost on a known cost for a similar plant, facility, or piece of equipment by using the ratio of the capacities or sizes of the known and proposed item raised to an exponent R. This predesign cost-estimating approach is especially useful for doing sensitivity analyses and feasibility studies for which a high degree of accuracy is not required. This cost-capacity or power-factor model was …