Scaling Laws: Uses and Misuses in Industrial Plant and Equipment Replacement Cost Estimates
By Clayton T. Baumann, PE, CCP, ASA | evcValuation and Alexander Lopatnikov, ASA, RICS | American Appraisal Click HERE to download a PDF version of this article Abstract Scaling laws are ubiquitous in the study of nature, biology, computer networks, economics and other social sciences,[1] and various engineering applications. They establish a relationship, often in…