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In Coakley et al. [15], a literature review on methods modeling, building energy, and simulating cost-effectiveness of energy conservation measures was done.
While establishing the applicability of the proposed simulation procedures, this study demonstrates that the simulated cost results present superior simulation accuracy in addition to separating the principal work items and unit price component model.
This would result in the simulated cost likely being $246.96 higher than actual running costs.
If the simulated cost is better than the current cost (cost decreases), an update message is sent back to every registered node asking them to configure their transmission power and carrier sensing using the new optimized values.
To illustrate this obvious matter of fact we simulated cost efficiency under different variance assumptions.
The simulated costs correspond quite accurately with estimates given by direct marketers based on experience and show the eligible configuration of the model.
In addition, a Markov state transition model was constructed to simulate costs and health benefits over lifetime.
Figure 2 summarises the simulated costs of no intervention vs. intervention among women and men at different ages.
To simulate costs, a lognormal distribution was associated, and to simulate life quality, a gamma distribution was associated (disutilities), with respect to a baseline quality of life (0.9 utility) [ 14] (Table 2).
These costs are lower than those identified in Canadian studies, the difference being explained by the use of a simulated costing methodology in these studies, lower unit costs and less aggressive interventions.
Based on the results of the Canadian arm of the CONTRAST study, this study simulated costs and health benefits of high-efficiency OL-HDF versus LF-HD over lifetime.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com