The method has also been used to value hydroelectric power generation by estimating the difference between the cost of generating hydroelectric power and the next cheapest alternative method of power generation (e.g. coal).
The cost of generating a performance model can be decomposed into different contributions: model setup, model generation, and model retargeting.
"They were simply making a mathematical calculation on the cost of generating power".
Applied Materials' Mr Gay points out the cost of generating solar power falls steadily over time.
The glycerol-3-phosphate shuttle can oxidise NADH, but does so at the cost of generating elevated ROS levels.
Underlying a lot of the optimism is a steep fall in the cost of generating electricity from renewable sources.
The cost of generating accurate reference standards for medical image segmentation can be substantial.
The cost of generating electricity from wind turbines is at least 5 cents per kilowatt hour (kWh), for example.
It is "a beautiful but unworkable idea", says Smith. "The cost of generating these kinds of therapies for an individual is completely unrealistic.
Another reason is a sharp drop in the price of natural gas, an important part of the cost of generating electricity.
The technology can increase the efficiency of solar panels by up to 50percentt, substantially reducing the cost of generating solar electricity.
