Reporting Costing Results
When reporting results from a life cycle costing analysis using music, the results should be accompanied by a clear statement of the chosen:
•Base date / base year for costing.
•Annual inflation rate.
•Real discount rate.
•The life cycle of the treatment device or span of analysis for the treatment train.
•Costing algorithms / estimates for all of the cost elements (e.g. whether MUSIC’s default options were used or whether upper, lower or user-defined estimates were used).
•If user-defined costing estimates are used, a brief description of the origin of, and confidence associated with, these estimates should be provided.