The process for undertaking a life cycle costing analysis for ponds and sediment basins is the same as described in Life-Cycle Costing - Constructed Wetlands and Life-Cycle Costing - Bioretention Systems.
The origin of all of the ‘expected’ values and algorithms in MUSIC’s costing module, as well as the statistical operations used to generate ‘upper’ and ‘lower’ estimates for ponds and sediment basins are explained in Table 1.
Table 1 Summary of cost-related relationships for ponds and sediment basins.
Element of Life Cycle Costing Model | Default Option for Estimation in MUSIC | Alternative(s) | Notes |
---|---|---|---|
Life cycle | 50 years (From collected survey data, n = 3) | No alternative in music. | One could convincingly argue the life cycle is infinite for well-maintained ponds / basins, but we need to set the LC to a finite number to calculate a life cycle cost. Upper and lower estimates derived using a 84th and 16th percentile, respectively. |
Total acquisition cost (TAC) | TAC ($2004) = 685.1•(A)0.7893 R2 = 0.80; p < 0.01; n = 21 Where: A = surface area of treatment zone in m2 | No alternative size / cost relationships in MUSIC. For literature values, see Taylor (2005b) – included in Appendix H. | Upper and lower estimates derived using a 68% (or 1 standard deviation) prediction interval for the regression. Note that a linear equation (TAC = 96.15•(A) + 16,200) produced a slightly higher R2 value, but due to the behaviour of the relationship when the treatment device size is small, the power relationship was preferred. |
Typical annual maintenance (TAM) cost | TAM ($2004) = 6.831•(A)0.8634 R2 = 0.80; p < 0.01; n = 21 Where: A = surface area of treatment zone in m2
| No alternative size / cost relationships in MUSIC. For literature values, see Taylor (2005b) | Upper and lower estimates derived using a 68% (or 1 standard deviation) prediction interval for the regression. |
Annualised renewal / adaptation cost (RC) | RC ($2004) = 0.52% of TAC p.a. n = 4 | No alternative size / cost relationships in MUSIC. For literature values, see Taylor (2005b) | Upper and lower estimates derived using a 84th and 16th percentile, respectively. |
Renewal period | 20 years n = 4 | No alternative in music. For literature values, see Taylor (2005b). | Period estimated after reviewing the CRCCH data set. There is great uncertainty surrounding this period (and the associated RC), given the lack of experience in ‘resetting’ the macrophyte zone of constructed wetlands in Australia. Range of data = 10 - 50 years (10 - 20 = most common range). Note that Fletcher et al. (2005) suggested 20 – 50 years. |
Decommissioning cost (DC) | DC ($2004) = 42% of TAC n = 4 | No alternative size / cost relationships in MUSIC. | Upper and lower estimates derived using a 84th and 16th percentile, respectively. |
General caveats / notes for this type of device | For the purposes of costing “wetlands”, the treatment device includes an inlet zone sediment basin / pond and macrophyte zone, but no gross pollutant trap pre-treatment device. Retrofitted wetlands were excluded from the data set that was used to generate these relationships, due to limited data and unusually high total acquisition costs. |