Changes

# Frequency = 4; Time spent per occurrence = 300 hours

# Frequency = 4; Time spent per occurrence = 300 hours

All of the above methods will result in 1,200 hours being spent on the activity per year for businesses that are in the market at the start of the year. However, with positive stakeholder growth, the selected frequency determines at which point the new entrants will enter the market and therefore begin to incur the cost. Stakeholders who enter the market partway through the year would not incur the cost as many times as those who were already there at the start of the year. This implies that the choice of frequency can affect the total impact estimates; the different methods of modelling the activity by shifting between frequency and time spent will not give the exact same results. Use your judgement to determine the best way to model each activity, taking into consideration what assumptions can be supported by your data.   

All of the above methods will result in 1,200 hours being spent on the activity per year for businesses that are in the market at the start of the year. However, with positive stakeholder growth, the selected frequency determines at which point new entrants will enter the market and therefore begin to incur the cost. Stakeholders who enter the market partway through the year would not incur the cost as many times as those who were already there at the start of the year. Also, with 1,200 periods per year, every subsequent period will be discounted to a slightly greater extent to bring it back to the present-value base year. Compared to using a frequency of 1 and a time spent per occurrence of 1,200 hours, using a frequency of 1,200 and a time spent per occurrence of 1 hour will result in slightly higher discounted impacts. In summary, the choice of frequency can affect the total impact estimates, so different methods of modelling the activity by shifting between frequency and time spent will not give the exact same results. Use your judgement to determine the best way to model each activity.   

'''Frequency < 1'''   

'''Frequency < 1'''