Least Cost definition

Least Cost means the incurring reasonable costs necessary for pursuing the licensed activity.
Least Cost means the Energy, Spin and Regulation produced by a Generation Resource with the lowest total Production Cost. 
Least Cost means the Energy, Spin and Regulation produced by a Generation Resource with the lowest total Production Cost.

Examples of Least Cost in a sentence

  • Least cost combination for the Purchaser, considering discounts and the methodology for its application as stated under ITT Sub-clauses 23.8 and 23.9 offered by the Tenderer in its Tender.

  • Least cost combination for the Purchaser, considering discounts and the methodology for its application as stated under ITT Sub-clauses 23.8 and 23.9 offered by the Tender in its Tender.

  • Least cost combination for the Purchaser, considering discounts and the methodology for its application as stated under ITT Sub- clauses 23.8 and 23.9 offered by the Tenderer in its Tender.

  • Least Cost Method: - Least cost method to the purchaser means award of work that has least cost to the purchaser.

  • Least cost combination for the Procuring Entity, considering discounts and the methodology for its application as stated under ITT Sub-clauses 23.9 and 23.10 offered by the Tenderer in its Tender.

  • North West corner rule, Least cost method, Vogel’s approximation method,Unbalanced and Maximization Transportation problems.

  • Practical work.Week 9Transportation Problem: Initial solution by North West corner rule, Least cost method and Vogel’s approximation method (VAM), MODI’s method to find the optimal solution, special cases of transportation problem.

  • UNIT IITransportation Problem: Initial solution by North West corner rule, Least cost method and Vogel’s approximation method (VAM), MODI’s method to find the optimal solution, special cases of transportation problem.Assignment problem: Hungarian method to find optimal assignment, special cases of assignment problem.

  • Least cost sets a limit on the type of mitigation you can undertake.

  • A successful bidder will be selected on the basis of Least cost based (LCBS) method of evaluation.


More Definitions of Least Cost

Least Cost means lowest cost;
Least Cost means an alternative transportation solution that delivers similar benefits to conventional solutions, such as demand management instead of facility expansion.
Least Cost means using the lowest cost resource66 to meet the next unit of demand in the relevant period, whether a half hour, hour, day, week, season, year or beyond67.

Related to Least Cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Project Cost means the costs incurred in connection with the

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement and, if any, premium costs on other school authority financial statements for the year not ending later than August 31, 2015. The statements are to be provided to the Ministry of Education.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Restoration Cost has the meaning set forth in Section 5.06.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Base Cost means base cost as defined in paragraph 1 of the Eighth Schedule;

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.