Est. Budget: $5,000.00
The primary objective of this project is to develop a dynamic model that can instantly estimate the date when meters should be replaced, taking into account various economic factors. Factors that influence the economics of meter replacement include:
• Cost of meter replacement – equipment and installation labor;
• Billing rate – cost per liter of water; and
• Rate at which each customer consumes water.
To accomplish the objective of a meter replacement model, we must predict the rate at which each meter decreases ...