Although catalytic converters are most commonly applied to exhaust systems in automobiles, they are also used on electrical generators, forklifts, mining equipment, trucks, buses, locomotives and motorcycles. They are also used on some wood stoves to control emissions.n vehicles with OBD II, a second oxygen sensor is fitted after the catalytic converter to monitor the O 2 levels. The O 2 levels are monitored to see the efficiency of the burn process. The on-board computer makes comparisons between the readings of the two sensors.
Prospective cost is a future expenditure or past cost that can be recovered. In other words, it is any cost that can be altered by your current or future decisions and strategies. Prospective costs are often contrasted with sunk costs, a past cost that can't be recovered. Business Cost Guide.
You are here: Home > Medicare > Prospective Payment Systems - General Information > Prospective Payment Systems - General Information. A Prospective Payment System (PPS) is a method of reimbursement in which Medicare payment is made based on a predetermined, fixed amount. The payment amount for a particular service is derived based on the classification system of that service (for example, diagnosis-related groups for inpatient hospital services).