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begin{aligned} J_u(x_t) = g(x_t, u_t) + underset{w}{E}left[ J_u(x_{t+1}) | x_t, u_t right] end{aligned} (3)where (g(x_t, u_t)) is the cost of applying control (u_t) when in state (x_t); the expectation term (Eleft[ cdot right]) is the expected future cost.
We contrast the energy R&D spending with the current and expected future cost of renewable promotion policies and point out the high cost of carbon saving through existing renewable promotion arrangements.
Given the dominance of power plant emissions of greenhouse gases, and the growing worldwide interest in CO2 capture and storage (CCS) as a potential climate change mitigation option, the expected future cost of power plants with CO2 capture is of significant interest.
DP selects the best decisions recursively from the last step backwards based on the cost of the present decision and the expected future cost.
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From these data, the expected future costs for conventional production of hydrogen are calculated considering several scenarios on carbon emission taxations.
As such the expectation is replaced with an approximation defined as ({{tilde{V}}_t}(x_t)) and (J_u(cdot )) is approximated as follows: begin{aligned} {tilde{J}}_u(x_t) = g(x_t, u) + gamma _t {{tilde{V}}_t}(x_t^{u}), end{aligned} (19 where (x_t^{u}) is the post decision state, and ({{tilde{V}}_t}(cdot )) is the approximation of expected future costs.
The calculation of expected future costs and benefits involves estimating future demand.
If natural resource companies were committed to produce all resources discovered, then they would never explore in areas where the estimated extraction cost exceeded the expected future price at which the resource could be sold.
If natural resource companies were committed to producing all resources discovered, they would never explore in areas where the estimated extraction cost exceeded the expected future price at which the resource could be sold.
To conduct these tests, we disaggregate firm value into three components: liquidity, cost of capital, and expected future cash flows.
A typical full-time Newport Beach lifeguard captain makes between $94,000 and $99,000 annually, Kiff said in an email, but the city must also contribute an additional $52,000 to $55,000 on top of that to cover expected future pension costs.
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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