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The phrase "alternative method for calculating" is correct and usable in written English.
It can be used when discussing different approaches or techniques for performing calculations in various contexts, such as mathematics, finance, or data analysis.
Example: "In this study, we propose an alternative method for calculating the total cost of ownership that takes into account both direct and indirect expenses."
Alternatives: "different approach to calculating" or "substitute technique for calculating".
Exact(7)
The alternative method for calculating customer assets is a glaring loophole that needs to be closed and should never have existed to begin with.
Instead, the commodities commission allows firms to use an alternative method for calculating customer funds in foreign accounts that vastly understates what belongs to customers.
The firm started taking intraday "loans" from its segregated customer accounts and returning the money at the end of the day, and used an "alternative method" for calculating whether it had adequate reserves for its foreign accounts.
This paper suggests an alternative method for calculating the reliability of over-year storage reservoirs with persistent gaussian inflow using basic probability principles and the numerical integration of the standard multi-variate normal distribution.
An alternative method for calculating PS II inactivation by comparing PS II quantum yields of treatments with PS II quantum yields of negative controls at corresponding times [116] was tested and provided similar results.
An alternative method for calculating hospital standardised mortality ratios is to include hospital as a term in the logistic regression model, together with age, sex, type of admission, and comorbidities.
Similar(53)
Two alternative methods for calculating the number of species per geographic area are maximum (regards all specimens that are only identified to genus or higher taxon as belonging to unique species) and minimum counts (regards all specimens only identified to genus or higher taxon as belonging to a species represented by more diagnostic material).
We investigate the susceptibility to bias for alternative methods for calculating NNTs through illustrative examples and mathematical theory.
As a result of these challenges, a number of alternative methods for calculating confidence intervals have been proposed.
In a second calculation, an alternative method of calculating kinase bioactivity distance was employed for comparison, as described by Bamborough et al.[21], (see Methods section for details).
While calling the Giving USA series "a useful tool," the Ronsvalles argue that an alternative method of calculating religious contributions might reduce its estimates of total giving in 1998 by $25 billion.
More suggestions(17)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com