Cost benefit analysis

Cost Benefit Analysis of Using Piezoelectric Sensors Name Institution Course and Code Professor Date Cost Benefit Analysis of Using Piezoelectric Sensors The piezoelectric sensor technology is a sustainable innovation that renders sensorial improvements to mosques, especially in the Fujairah emirate. For example, energy sensing devices placed below the carpets and in spots where people are walking around can collect energy from movement and then redirect it towards lowering electrification costs. This paper will investigate the cost and benefits of installing piezoelectric sensors in mosques in the United Arab Emirates (UAE), including the financial and environmental importance. Specifically, installing piezoelectric sensors in mosques in the UAE will be expensive at first, but in the end, it will bring significant economic benefits. As the initial costs can be quite high, they are well greater than the compensation that comes along with long-term returns, making it possible to anticipate great benefits accumulated over the long term (Ghazanfarian, Mohammadi, & Uchino, 2021). Since the application of piezoelectric sensors to convert mechanical into electricity is a new research field, more study is needed to promote its effectiveness in improving the sustainability of mosques. Another cost that will be undergone is finding a reliable manufacturer and installer of this technology. Besides, since it has not been tried before, it can be challenging to locate installation experts (Li & Lee, 2022). Through the assessments of the anticipated savings and the estimated comparisons with the start-up investment, investors can tell whether the use of the technology can be on a smaller scale or a wider one. In particular, using piezoelectric sensors will align with the UAE’s economic and environmental sustainability strategy...