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 project was approved based on the assumed cost of $50,000, which may change as we gather more data."

✓ Grammatically correct

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

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

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

Finally, analyses assumed cost data were normally distributed.

BMJ Open

Anticipated OCV acceptance at different assumed cost levels (free, USD 1, USD 5, USD 10.5) was calculated.

BMC Public Health

The assumed cost ratio combined with data on the number of HIV tests administered in each setting was used to determine the total pool of testing resources.

Health Care Management Science

Human-verified similar examples from authoritative sources

Similar Expressions

51 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

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

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

First, the assumed costs for fulfilling non-shareholding stakeholders' interests should impact potential investors, as these costs affect shareholders' immediate returns (Stevens et al. 2015).

Business Research

Expert writing Tips

Best practice

When using "assumed cost", clearly state the basis for your assumption. Transparency builds credibility.

Common error

Don't treat the "assumed cost" as a definitive figure. Always plan for contingencies and re-evaluate the assumption as more data becomes available.

Linguistic Context

The phrase "assumed cost" functions primarily as a noun phrase, where "assumed" acts as an adjective modifying the noun "cost". It denotes a cost that is estimated or taken for granted, often in the absence of precise data. Ludwig shows how it's used in various analytical contexts.

Expression frequency: Common

Frequent in

Science

70%

News & Media

20%

Formal & Business

10%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "assumed cost" is a commonly used phrase to denote an estimated or predicted expense, typically employed when specific figures are unavailable. As Ludwig AI confirms, the phrase is grammatically correct and well-suited for both scientific and business communications. When using "assumed cost", remember to clearly outline the basis for your assumption and be prepared to adjust your estimates as more data becomes available. Consider alternatives like "estimated cost", "projected cost", or "anticipated cost" to fine-tune your message.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

estimated cost

Focuses on the process of calculating a cost in advance, often based on available data.

projected cost

Emphasizes forecasting a cost into the future, often used in financial planning.

anticipated cost

Highlights the expectation of a cost occurring, frequently used in budgeting.

hypothetical cost

Indicates a cost used in a theoretical scenario, rather than a real-world situation.

presumed cost

Suggests a cost taken for granted or supposed to be true without concrete evidence.

expected cost

Indicates a cost that is likely to occur based on past trends or current data.

budgeted cost

Refers to a cost that has been included in a budget.

baseline cost

Represents the initial cost estimate used as a starting point for comparison.

standard cost

A predetermined cost based on efficient operations, used for comparison with actual costs.

calculated cost

Focuses on how the cost has been mathematically determined.

FAQs

How do you use "assumed cost" in a sentence?

You can use "assumed cost" to indicate an estimated or predicted expense, as in "The project's profitability hinges on the "assumed cost" of raw materials."

What is a good alternative to "assumed cost"?

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

What's the difference between "assumed cost" and "estimated cost"?

"Assumed cost" often implies a cost taken for granted based on certain preconditions, while "estimated cost" suggests a more deliberate calculation, even if it involves some uncertainty.

In what contexts is "assumed cost" most appropriate?

"Assumed cost" is suitable in contexts where you're outlining initial plans or theoretical scenarios, particularly when precise figures are not yet available, but it's best practice to validate initial assumptions.