How use Cost Avoidance for benift calculation?
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Cost avoidance is used for calculating the benefits of software reuse and for making economic decisions in electricity investment and investment plans . Various cost avoidance models exist in literature, which measure different attributes of software reuse and provide guidelines on how to measure and calculate the benefits of reuse . These models help in measuring the costs avoided by reusing different artifacts and can be used to calculate return on investment or cost-benefit analysis . In the case of electricity investment, avoided costs are calculated to define the market values of electricity generated by different sources and to make economic decisions . The calculation of avoided costs is also used in operational scheduling of airplane stalls and paint hangars to identify potentially avoidable costs . Overall, cost avoidance is a valuable tool for measuring the benefits and savings achieved through reuse and for making informed economic decisions.
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| The paper proposes a method to calculate the avoided cost for natural gas and district heating DSM programs, which can be used to evaluate the benefit of DSM programs quantitatively in cost. | |
| The paper discusses the calculation of avoided costs as a method for economic decision making in electricity investment and investment plans. It is used to compute the costs of alternative sources of electricity and define the market values of electricity generated by various sources. | |
| The paper proposes a new cost avoidance model that measures the cost avoided by software reuse. It provides guidelines on how and what to measure in order to calculate reuse benefits. | |
Open access•Journal Article 4 Citations | The paper explains that the Army Medical Cost Avoidance Model (MCAM) can be used to calculate the total medical cost avoided and demonstrate return on investment (ROI) for preventive medicine initiatives. Users make four data entries and receive the expected medical cost avoidance as a result. |
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