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As expected, costs increase as duration of time in the study rises.
Value, as defined in reinforcement learning models, is the integrated, expected reward, minus expected costs.
Mr. Kelly said he expected costs to drop again in the second half.
The bidding process brought down the expected cost to customers, the regulator said.
Heinz said it expected cost cutting in the second half to help it meet annual estimates.
Shell left expected cost and revenue gains from the BG takeover unchanged at $3.5bn.
Cambridge, which is leading the procurement, has not published the expected costs of the deal.
Mr. Levy blamed the shortfall on higher than expected costs for labor and materials.
Mr. Donaldson also said he expected cost-cutting measures to save $100 million to $150 million before taxes this year.
Insurance companies were also shunned because of the expected costs of claims that will be coming.
Timothy D. Anderson, an analyst for Sanford C. Bernstein, said he expected cost-cutting to be closer to $6 billion.
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