An emerging technology known as concentrating photovoltaics (CPV) has recently

An emerging technology known as concentrating photovoltaics (CPV) has recently been introduced into the market. Morgan Solar of Toronto specializes in CPV. The cost of new technology is related to cumulative volume deployed since the industry gains more experience of the technology as it is deployed, resulting in cost reductions. The corresponding data for CPV are:

a) Check the conditions for fitting a linear regression model to this data.

b) An experience curve is often used for new technology to represent the relationship between cost and cumulative volume deployed. It relates the logarithm of cost to the logarithm of cumulative volume and is used to estimate costs after a certain cumulative volume has been deployed. Fit an experience curve to the CPV data above, using a linear model with log(cumulative volume) as the explanatory variable and log(cost) as the dependent variable. Comment on the conditions.

c) Forecast the cost of CPV when cumulative volume is 400 MW using your answer to (b).

d) The CEO of a CPV manufacturer disagrees with the idea that cumulative volume determines cost. “It’s the cost that determines the volume deployed,” he says, “and the lower the cost, the more will be deployed.” Fit a different linear model to represent this CEO’s view, again using log(cost) and log(cumulative volume) as your variables. Comment on the conditions.

e) Using your answer to (d), estimate how much cumulative volume will be deployed by the time the cost reaches $1.50/W.

f) What fraction of the variability in the data is explained by these two models? Why is the answer the same for each model?

How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.