Define depreciation and explain its calculation

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Reference no: EM131285924

1. Define "depreciation" and explain its calculation.

2. Define the "cost of operating energy" and explain its calculation.

3. Conduct a parametric study to determine the optimal thickness of the insulation of a buried pipe.

4. Using the cost analysis presented in the text, perform a parametric study to determine the optimum diameter of a pipe if the flow rate and the length are imposed.

Reference no: EM131285924

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