Large Scale Desalination: A Comparative Cost Affective Economic Analyses of Nuclear, Gas and Solar Powered Plants

Abstract

The main objective, here, is to explore the economic viability of the solar powered desalination method through a cost and benefit comparative and contrast study. Using the initial construction expenditure, the annual maintenance cost and energy consumed or produced, a variance ratio test of the random walk hypothesis will be implemented to determine their relative financial efficiency. This paper will also utilize the first order autoregressive multivariate estimation model to analyze the methods and identify the most productive process with most financial promise for future investment. The total deviations of the estimated variables from the actual are accounted for by the variations of the variances of the estimates from the actual. The higher the percentage of the unexplained deviation, the higher the risk involved. The portfolio variance will be utilized to measure the investment risk in three desalination industries.