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Economic viability refers to the ability of a business or project to generate sufficient revenue to cover its operational costs and achieve a sustainable profit over time. It is a critical consideration for investors and stakeholders, as it determines the long-term sustainability and success of an economic endeavor.
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Sustainable mobility refers to the development and implementation of transportation systems that meet current mobility needs without compromising the ability of future generations to meet theirs, focusing on reducing environmental impact, enhancing social equity, and ensuring economic viability. It encompasses a range of strategies including the promotion of public transportation, development of infrastructure for non-motorized transport, and adoption of clean energy technologies.
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Air Transport Economics examines the economic principles governing the airline industry, focusing on supply and demand, pricing strategies, and market competition. It also analyzes regulatory impacts, cost structures, and the financial performance of airlines to understand their economic viability and sustainability.
Integrated Multi-Trophic Aquaculture (IMTA) is a sustainable aquaculture practice that combines different species from various trophic levels in a single system, allowing the waste produced by one species to be utilized as nutrients by another. This approach enhances resource efficiency, reduces environmental impact, and can improve economic viability by diversifying aquaculture products.
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Energy reserves refer to the quantities of energy resources that are known and can be extracted profitably with current technology. These reserves are crucial for energy security, economic stability, and planning for future energy needs.
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Smart Growth is an urban planning approach that focuses on sustainable development, aiming to create livable, economically viable, and environmentally friendly communities. It emphasizes efficient land use, mixed-use development, and transportation options to reduce urban sprawl and enhance quality of life.
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Feedstock selection is a critical process in manufacturing and production industries, where the choice of raw materials can significantly impact the cost, efficiency, and sustainability of the final product. It involves evaluating factors such as availability, quality, environmental impact, and economic viability to optimize production outcomes.
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The oil recovery factor is a crucial metric in petroleum engineering that indicates the proportion of oil that can be economically extracted from a reservoir relative to the total amount of oil initially in place. It is influenced by various factors, including the reservoir's geological characteristics, the technology used, and the economic conditions of oil extraction.
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Threshold population refers to the minimum number of people required to support a particular service or facility, ensuring its economic viability. This concept is crucial in urban planning and development, as it helps determine where services like retail stores, schools, and hospitals can sustainably operate.
Sustainability in artisanal production focuses on creating goods through traditional methods that minimize environmental impact and support local economies. It emphasizes the use of renewable resources, fair labor practices, and the preservation of cultural heritage while ensuring the long-term viability of small-scale producers.
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Bioenergy economics examines the financial viability and environmental impact of producing energy from biological sources, balancing the costs of production, distribution, and consumption with the benefits of renewable energy. It involves analyzing market dynamics, policy frameworks, and technological advancements to optimize bioenergy's role in sustainable energy systems.
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Dairy farming systems encompass the various methods and practices used to manage dairy cattle and produce milk, ranging from intensive industrial operations to small-scale organic farms. These systems are influenced by factors such as animal welfare, environmental impact, economic viability, and consumer demand for sustainable and ethical products.
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Capacity factor is a measure of how often a power plant runs at its maximum potential over a specific period, reflecting its efficiency and reliability. It is crucial for assessing the performance and economic viability of energy-generating facilities, particularly in comparing different types of power plants.
Levelized Cost of Electricity (LCOE) is a measure of the average net present cost of electricity generation for a generating plant over its lifetime, factoring in all the costs involved such as construction, operation, and maintenance. It is a crucial metric for comparing the economic viability of different energy sources and technologies, enabling stakeholders to make informed investment decisions.
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Useful life is the estimated duration over which an asset is expected to be functional and economically viable for use in operations. It is a critical factor in determining depreciation schedules and asset management strategies, impacting financial reporting and decision-making processes.
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Cut-off grade is the minimum grade at which a unit of ore will be economically viable to process, serving as a critical decision-making tool in mining operations. It determines which portions of a mineral deposit can be mined profitably and influences the overall mine design, scheduling, and resource estimation.
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Agricultural sustainability is the practice of farming that meets current food needs without compromising the ability of future generations to meet their own needs, focusing on environmental health, economic profitability, and social and economic equity. It involves integrating plant and animal production practices that enhance ecosystem services, conserve resources, and promote biodiversity while supporting the livelihoods of farmers and communities.
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Feedstock availability refers to the accessibility and supply of raw materials needed for production processes, impacting the feasibility and sustainability of industrial operations. It is crucial for determining production capacity, cost-efficiency, and the environmental footprint of manufacturing and energy sectors.
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Sustain refers to the ability to maintain or support a process, activity, or system over the long term without depleting resources or causing harm to the environment or society. It emphasizes balance and resilience, aiming for a harmonious relationship between human activities and the natural world to ensure future generations can meet their needs.
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The Forest Stewardship Council (FSC) is an international non-profit organization established to promote responsible management of the world's forests through certification and labeling of forest products. It ensures that products come from responsibly managed forests that provide environmental, social, and economic benefits.
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Viability refers to the ability of an entity, plan, or system to function effectively and sustainably over time, considering its economic, environmental, and social dimensions. It is crucial for determining the potential success and longevity of projects, businesses, and innovations in a competitive and dynamic environment.
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Energy Return on Investment (EROI) is a measure of the amount of usable energy obtained from a particular energy resource relative to the amount of energy expended to obtain that energy. A higher EROI indicates a more efficient energy resource, which is crucial for sustainability and economic viability in energy production.
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The GOR method, or Gas-Oil Ratio method, is a technique used in petroleum engineering to estimate the amount of gas that will be produced from an oil reservoir. It is crucial for optimizing production strategies and managing reservoir performance effectively, ensuring economic viability and resource efficiency.
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Artificial lift is a crucial technique in the oil and gas industry used to enhance the extraction of oil from wells that lack sufficient pressure to bring the oil to the surface naturally. By employing various methods such as pumps or gas injection, Artificial lift systems improve the efficiency and economic viability of oil production, especially in mature fields.
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Recoverable resources refer to the portion of a natural resource that is technologically and economically feasible to extract or produce under current conditions. This concept is crucial in resource management as it determines the actual availability of resources for use and development.
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Reserves classification is a process used in the oil and gas industry to categorize the quantity of hydrocarbons that are expected to be commercially recoverable from a project. This classification guides investment decisions, regulatory disclosure, and strategic planning by delineating reserves into different categories based on their certainty and feasibility of recovery.
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Hydrocarbon production refers to the extraction and processing of oil and natural gas, both of which are fundamental resources for energy and manufacturing industries. It involves complex operations such as drilling, extraction, refining, and transport, while also navigating significant environmental and regulatory challenges.
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