Contents - Index


P_1f

Function P_1f returns the economic parameter P_1 for the life-cycle costing method presented in Duffie and Beckman, Solar Engineering of Thermal Processes, 5th ed., 2020, Wiley.

Inputs:
 N number of years considered in the economic analysis
 i inflation rate
 d  market discount rate
 c either 1 (for an income producing) or 0 for non-income producing investment
 t_bar effective income tax rate

Example:
 N=10 [yr]
 i=0.035
 d=0.04
 c=0
 t_bar=0
 P_1=P_1f(N, i, d, c, t_bar)

{P_1 is 9.41}

See also P_2f