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- I am reading through some company literature for cost estimation of large projects and they say for feasibility estimates use "deterministic method". What does that mean?
This is for my Engineering master project. I am doing a feasibility study on a couple of different designs of small gas fuelled power stations for remote areas. A big part of it is the CAPEX costs. Most companies hold that kind of info very closely. Does anyone have any insights on this kind of thing?