Hi, Antti
Thank you very much for your reply. It was a misunderstanding on my side. As the Times manual says "NCAP_COST= Applied to the investment variable(VAR_NCAP)", I assumed that it was only for new investments, but I see now that I was wrong.
So, let's say my model starts in year 2000 (datayear), and I want to include old investments from 1990 (pastyear). How do I input the cost of a past investment in the model? I have to inflate that investment cost so that it reflects its value in the year 2000 (so, my input would be NCAP_COST in year 2000, not 1990, because I can't actually input NCAP_COST for a pastyear).... Because, NCAP_FOM doesn't include depreciation costs, so TIMES calculates them from NCAP_COST, is that correct? I think I'm getting confused, sorry.
Thanks for your help as usual,
Best wishes
Sara
Thank you very much for your reply. It was a misunderstanding on my side. As the Times manual says "NCAP_COST= Applied to the investment variable(VAR_NCAP)", I assumed that it was only for new investments, but I see now that I was wrong.
So, let's say my model starts in year 2000 (datayear), and I want to include old investments from 1990 (pastyear). How do I input the cost of a past investment in the model? I have to inflate that investment cost so that it reflects its value in the year 2000 (so, my input would be NCAP_COST in year 2000, not 1990, because I can't actually input NCAP_COST for a pastyear).... Because, NCAP_FOM doesn't include depreciation costs, so TIMES calculates them from NCAP_COST, is that correct? I think I'm getting confused, sorry.
Thanks for your help as usual,
Best wishes
Sara