The AS$/$NZS $4536$:$1999$ standard describes how different applications require the use of different cost expressions. Match up the application with the appropriate cost expression $($real cost$,$ nominal cost, discounted cost$)$

Identifying cost drivers

Long term financial planning

Budgeting of capital and operating costs and revenue

Evaluating alternative designs

Comparing different approaches for asset replacement or retirement

Comparing products with significantly different cost profiles