Assumed cost

USAGE SUMMARY

The phrase "Assumed cost" is correct and usable in written English.
It can be used in contexts related to budgeting, finance, or project management where a cost is estimated or presumed based on certain assumptions. Example: "The assumed cost for the project was calculated based on previous expenditures and market trends."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

17 human-written examples

To examine the various financing options, the task force has been working with an assumed cost of $2 billion.

The Washington Post

A sensitivity analysis reveals that the design and cost of the optimal system depend mostly on the assumed cost of wind capacity and fuel for backup energy.

Energy

The work, using detailed data and well-established economic models, assumed cost effective climate policies would use the cheapest fossil fuels first, with more expensive fuels priced out of a world in which carbon emissions were strictly limited.

The Guardian

Take a look at Apple's assumed cost of producing an iPhone.

TechCrunch

The worksheet automatically estimates the costs for the thickness combinations using the assumed cost values listed earlier.

Energy, Sustainability and Society

To estimate costs of various alternatives, the cost of the calculated thicknesses is computed using the assumed cost values listed in Table 7 (the worksheet does this computation automatically); however, the users have the option of including their own cost values.

Energy, Sustainability and Society

Human-verified similar examples from authoritative sources

Similar Expressions

43 human-written examples

Ms. Tingle, a student at Douglas Academy in Glasgow, and Mr. Inglis, from Buckhaven High School in Fife, said they had assumed costs would be prohibitive at U.S. schools.

The New York Times

It is shown that optimum total expected costs found herein are not highly sensitive to the assumed costs of inspection and failure.

Reliability Engineering & System Safety

These numbers can be improved by relaxing some of the assumed costs.

Chemistry Central Journal

The assumed costs and perceived sustainability reliably moderated the effect of stakeholder management on participants' willingness to invest, leading to directly opposing investment preferences when assumed costs were low and perceived sustainability was high versus when assumed costs were high and perceived sustainability was low.

Business Research

Furthermore, cost-effectiveness was dependent on the price of the vaccine, the duration of protection and the assumed cost-effectiveness threshold.

BMC Public Health

Expert writing Tips

Best practice

When using "Assumed cost", clearly state the basis for your assumption. Transparency builds trust and allows for better evaluation of your estimates.

Common error

Avoid treating the "Assumed cost" as a fixed value. Regularly review and update your assumptions as new information becomes available. Conduct sensitivity analyses to understand the impact of changes to these assumptions.

Linguistic Context

The phrase "Assumed cost" functions as a noun phrase typically used as an adjective modifying another noun. It identifies a cost that is presumed or taken as a given value in a calculation or analysis. Ludwig AI confirms this usage aligns with standard English.

Expression frequency: Common

Frequent in

Science

63%

News & Media

25%

Formal & Business

12%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "Assumed cost" is a commonly used noun phrase referring to a cost that is taken as a given for planning or calculation purposes. Ludwig AI confirms it is grammatically correct and frequently found in professional, scientific, and news contexts. While the phrase is generally acceptable, it's important to validate the underlying assumptions to maintain accuracy. Alternatives like "estimated cost" or "projected cost" can provide similar meanings with slightly different nuances. Therefore, clearly stating the basis for your assumption and continually reviewing and updating assumptions are vital when using the term.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Estimated cost

Focuses on the calculation of a cost, rather than the act of taking it as a given.

Presumed cost

Highlights the act of taking a cost for granted, but without explicit calculation.

Projected cost

Highlights the forecasting aspect of cost estimation.

Anticipated cost

Emphasizes expectation of future costs.

Expected cost

Similar to anticipated cost but with a stronger sense of probability.

Budgeted cost

Implies a cost that has been formally included in a budget.

Calculated cost

Focuses on the mathematical process used to determine the cost.

Hypothetical cost

Stresses the theoretical and speculative nature of the cost.

Inferred cost

Implies that the cost is deduced from available information, but is not directly stated.

Nominal cost

Suggests a cost that is stated or declared, often without regard to actual market value.

FAQs

How can I use "Assumed cost" in a sentence?

You can use "Assumed cost" when referring to a cost that is taken for granted or estimated as the basis for a calculation, plan, or decision. For example, "The project's viability hinges on the "assumed cost" of raw materials."

What's the difference between "Assumed cost" and "Estimated cost"?

"Assumed cost" implies a cost that is taken as a given, often without detailed calculation, while "Estimated cost" involves a more formal or detailed calculation process. You could consider the "estimated cost" after doing a full analysis.

What are some alternatives to "Assumed cost"?

Alternatives to "Assumed cost" include "projected cost", "anticipated cost", or "expected cost", depending on the nuance you want to convey.

Why is it important to document the basis for an "Assumed cost"?

Documenting the basis provides transparency, allows for easier review and validation, and enables others to understand the rationale behind the cost figure. It is good practice because if the assumptions are wrong, all consequent calculations can be wrong too. For example, "budgeted cost" should be based on previous actual costs.