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Economics provides criteria to guide decisions aimed at optimising the net benefits from the use of scarce resources.
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An Aspen Plus® simulation of an existing power station with a potassium carbonate based carbon capture (CCS) plant including CO2 compression is combined with an Excel based genetic algorithm to optimise the net power output of the power station and amount of CO2 captured for a range of solvent flowrates, lean loading and stripper pressures.
The issues of current importance are not those referring to whether there is a net benefit, but how screening can be undertaken to optimise the net benefit.
Moreover, we have further improved the validity of the estimation procedure by excluding deceased inpatients and non-residents from the denominator in calculating the net under-reporting rate, thereby optimising the comparability between survey and administrative data.
17 The standard way of optimising the amount of information collected is to equate the marginal benefits with the marginal costs, which occur at the maximum net benefit.
"The measures for optimising the portfolio and reducing costs are largely on track," it added.
The Alexander technique, which is all about optimising the body's use, was incredibly helpful.
Motorola has concentrated on optimising the software to run smoothly throughout.
It's really a way of optimising the energy produced out of their solar panel".
That's what "optimising the group's business portfolio", as chairman Martin Scicluna puts it, means.
Optimising the timing of the unrolling story ought to be at the heart of film-making.
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