On the Concept of Durability in Evaluation of Equipment Life-Cycle Cost
In the increasingly competitive global marketplace the users of industrial products face the challenge of predicting accurate life-cycle costs of their equipment and machinery. The deregulation of many industries resulted in inability of operating companies to pass over to the customer the increased costs of their products, which may have been caused by inaccurate predictions of the equipment operating costs. This evolution in the 1980’s have emphasized the need for accurate predictions of the equipment operating costs and have meant the difference between profit and loss. This paper presents the concept of equipment Durability to be used in the process of evaluation the equipment life cycle cost and subsequent equipment selection. It is also the first part or primer to the paper which describes the Durability Surveillance Program on the Advanced Gas Turbines sponsored by EPRI titled “Durability Surveillance Program on the Advanced Gas Turbine GE Frame 7 F” (1).