Financial justification:Life cycle cost (LCC)

Life cycle cost (LCC)

The initial cost of pumping equipment is often a very small part of the total life cycle cost. An LCC analysis is therefore a very appropriate way of comparing different technical alternatives in the design of a pumping system and making a financial justification.

A very well documented LCC guide has been published and is available from the Hydraulic Institute and Europump; www.pumps.org and www.europump.org (Ref ISBN 1-880952-58-0). This guide explains how the operating costs of a pumping system are influenced by system design and shows in detail how to use a life cycle cost analysis to make comparative cost assessments. Many case studies have been developed in the guide to train the engineer in the LCC method.

The life cycle cost represents the total expenses to purchase, install, operate, maintain and repair a pumping system during its lifetime. Down time and environmental costs are also considered.

VARIABLE SPEED PUMPING-0780

 

VARIABLE SPEED PUMPING-0781

Related posts:

Variable speed drives:Power drive systems
Variable speed drives:Types of variable speed drive
Applications on pneumatic:Air bubble techniques
Particle degradation:Pneumatic conveying data and Experimental details
First approximation design methods:Universal conveying characteristics method.
Operating problems:Existing plant and Positive pressure systems
Introduction to pneumatic conveying and the guide:Nomenclature
COMPRESSORS:COMMON COMPONENTS
CHARACTERISTICS OF COMPRESSED AIR:DALTON'S LAW
Hydraulic fluids:Fire-resistant fluids
Control components in a hydraulic system:Meter-out operation
Sequencing Applications:logic elements
PROPERTIES OF PURE SUBSTANCES:PHASES OF A PURE SUBSTANCE
FORCED CONVECTION:GENERAL THERMAL ANALYSIS
POWER AND REFRIGER A TION CYCLES:BRAYTON CYCLE: THE IDEAL CYCLE FOR GAS-TURBINE ENGINES

Leave a comment

Your email address will not be published. Required fields are marked *