This Chapter Introduced Three New Methods for Calculating Project Operating

question 54

Essay

This chapter introduced three new methods for calculating project operating cash flow (OCF).Under what circumstances is each method appropriate?

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Definitions:

Lava Fountain

A fountain of molten lava propelled into the air by pressure and escaping gases.

Volcanic Dome

A rounded mound formed over a volcanic vent, created by the slow extrusion of viscous lava from a volcano.

Fissure

1. A fracture or crack on the land surface, such as that which forms by differential subsidence. 2. A magma-filled fracture in the subsurface that typically solidifies into a dike, or a linear volcanic vent erupting onto the land surface.

Volcanic Ash

Fine particles of rock and volcanic glass expelled into the air during a volcanic eruption.