From 1994 to 1998, Cornell's analysis of LSC's feasibility has been facilitated by:
- an administration oversight panel of four university vice presidents, who were involved in all decisions;
- a subcommittee assigned to review progress in detail and report to the Trustee Buildings and Properties Committee on each major decision step;
- a resolve to limit funding requests to those appropriate to risk and need at each stage of the project;
- conservative economic estimates, present-value comparisons of future costs, probability distributions that incorporate possible future values of input parameters, and economic and risk analysis models; and
- use of the "residual value" concept in comparing the project lives of LSC (75 to 100 years) and conventional chillers (30 to 35 years).
