TITLE:
Large Scale Desalination: A Comparative Cost Affective Economic Analyses of Nuclear, Gas and Solar Powered Plants
AUTHORS:
Mohammed H. S. Al Ashry
KEYWORDS:
System’s Lifecycle: The Time after Which the System Become a Liability, Heteroscedasticity: Different Sampling Variables, Autoregressive: Descriptive Estimates of Random Variables, Asymptotic: A Line Infinitely Approaching another Curve-Linear Line(s)
JOURNAL NAME:
Theoretical Economics Letters,
Vol.5 No.1,
February
13,
2015
ABSTRACT: The
main objective, here, is to explore the economic viability of the solar powered
desalination method through a cost and
benefit comparative and contrast study. Using the initial construction expenditure,
the annual maintenance cost and energy consumed or produced, a variance ratio test
of the random walk hypothesis will be implemented to determine their relative financial
efficiency. This paper will also utilize the first order autoregressive multivariate
estimation model to analyze the methods and identify the most productive process
with most financial promise for future investment. The total deviations of the estimated
variables from the actual are accounted for by
the variations of the variances of the
estimates from the actual. The higher the percentage of the unexplained deviation,
the higher the risk involved. The portfolio variance will be utilized to measure
the investment risk in three desalination industries.