Price estimation is depends on the least cost available

Reference no: EM1337981

Question about Cost Estimation

2. Of the 2 approaches (below) to cost estimation, which in your view likely produces the most reliable estimates? Explain

The engineering approach to cost estimation is based on the least cost available technology needed to achieve a given level of abatement.

The survey approach to cost estimation relies on estimated abatement expenditures obtained directly from polluting sources.

Reference no: EM1337981

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