Relation of Corrosion to Business Costs★

CORROSION ◽  
1954 ◽  
Vol 10 (9) ◽  
pp. 273-278
Author(s):  
AARON WACHTER

Abstract Every business can benefit from reduction of its losses due to corrosion. Awareness of all possible sources of such losses is essential. Unnecessary acceptance of losses is common from chronic corrosion which is tolerated as established custom, and from hidden or indirect effects of corrosion. The importance of corrosion damage is not always proportional to the volume of metal affected. The functional aspects of corrosion are listed. Analysis is made of the ways in which corrosion enters into the cost of doing business. Explanations are given of the direct and indirect ways corrosion may effect capital investment, operating costs, product sales, maintenance costs, overhead costs and market competitive condition of and company.

1960 ◽  
Vol 17 (6) ◽  
pp. 815-870
Author(s):  
W. F. Doucet

This report presents the results of an economic survey of the herring fishery of Charlotte County, New Brunswick, conducted in 1957 and 1958. It contains: (a) a detailed account of the capital investment and income position of the fishermen who were engaged in the herring fishery during the years 1956 and 1957; (b) some evaluation of the economic effects which the construction of hydro-electric power dams in Passamaquoddy Bay would have on the herring fishery of the area.Except for a small complement of men employed on purse seiners, draggers and a few other modernized fishing craft, the fishing activity of Charlotte County fishermen is largely confined to inshore operations. As a result, the primary fishing industry is not highly capitalized. Average net incomes are also low compared with those prevailing in other industries, even with those derived from a number of fisheries elsewhere in the Maritime Provinces. Incomes from the weir fishery are particularly uncertain, in view of the wide fluctuation in yearly catches and the high, rigid operating costs. In contrast with weir fishing, purse seining has proven to be an efficient method of fishing in the region, and holds considerable promise for the improvement of earnings in the herring fishery.It is expected that the construction of the proposed power dams would add to the cost of maintaining and operating weirs in Passamaquoddy Bay, thereby reducing returns to owners and fishermen in this segment of the industry. In view of the low earnings now derived from weir fishing in certain sections of the area, it is likely that a number of weir owners would not continue to maintain their weir investments if the power dams were built.


1971 ◽  
Vol 24 (2) ◽  
pp. 174-187
Author(s):  
J. S. McKenzie

This paper looks at the cost of navigation and endeavours to establish a relationship, of the type studied by Professor H. Benford, between manning and its associated cost in British shipping. Certain assumptions are made concerning the capital investment and operating costs for navigation equipment and from these the progressive savings are estimated for minimum manning and an unmanned bridge. Captain McKenzie is Managing Director of Marine and General Computer Consultancy (I.O.M.) Ltd.After some considerable investigation into the costs of marine equipment and accommodation it has been found that there is the greatest difficulty in establishing a base cost on which to examine possible reductions. Equipment, salaries, accommodation and fringe benefits vary so much from company to company and ship to ship that any comparison is meaningless. Thus we must consider some hypothetical ‘standard ship’ and define fairly closely what equipment is already on board and the average salary for staff or crew members. It seems reasonable to look at a modern ship equipped with all the devices which an up-to-date shipowner considers necessary for her operation and—more important—her safety.


1979 ◽  
Vol 101 (4) ◽  
pp. 260-268 ◽  
Author(s):  
W. K. Lombard

The equipment technology to incinerate and in turn recover energy from industrial wastes is reasonably well documented via the manufacturers of the equipment involved. The difficult question for the industrial plant manager is whether the capital investment and operating costs are economically justified. This paper will review the styles of incineration and heat recovery systems which are typically applied to industrial wastes – solids, liquids, and gases – and then assess the quantity and type of waste materials which are needed to make the cost of installing that equipment economically justified.


2018 ◽  
Vol 2 (1) ◽  
pp. 56-65
Author(s):  
Jamaludin Jamaludin ◽  
Septiana Widi Astuti

This research discusses the calculation of railroad operating costs, the railroad operating costs are very important because it is related to determining the level of profit from setting a railroad transportation service tariff. The current train operating costs are indicated to be not yet competitive compared to the same mode operating costs in other countries, this study looks at the constituent components of train operating costs based on predetermined regulations. Based on the results of the analysis of the calculation of railroad operating costs at present the percentage of railroad direct costs is 23% and the percentage of railroad indirect costs is 77%. The percentage of costs is still large in the indirect costs which resulted in not yet being able to obtain competitive operating costs, whereas when compared to the costs of railroad operations abroad, in the UK the maintenance costs of trains are around 16% - 30% while in Indonesia around 6%. The cost of railway operations in the UK is 66% -73% while in Indonesia it reaches around 91%. The author suggests to reduce the percentage of indirect costs by making profitable business breakthroughs.


2020 ◽  
pp. 99-111
Author(s):  
Vontas Alfenny Nahan ◽  
Audrius Bagdanavicius ◽  
Andrew McMullan

In this study a new multi-generation system which generates power (electricity), thermal energy (heating and cooling) and ash for agricultural needs has been developed and analysed. The system consists of a Biomass Integrated Gasification Combined Cycle (BIGCC) and an absorption chiller system. The system generates about 3.4 MW electricity, 4.9 MW of heat, 88 kW of cooling and 90 kg/h of ash. The multi-generation system has been modelled using Cycle Tempo and EES. Energy, exergy and exergoeconomic analysis of this system had been conducted and exergy costs have been calculated. The exergoeconomic study shows that gasifier, combustor, and Heat Recovery Steam Generator are the main components where the total cost rates are the highest. Exergoeconomic variables such as relative cost difference (r) and exergoeconomic factor (f) have also been calculated. Exergoeconomic factor of evaporator, combustor and condenser are 1.3%, 0.7% and 0.9%, respectively, which is considered very low, indicates that the capital cost rates are much lower than the exergy destruction cost rates. It implies that the improvement of these components could be achieved by increasing the capital investment. The exergy cost of electricity produced in the gas turbine and steam turbine is 0.1050 £/kWh and 0.1627 £/kWh, respectively. The cost of ash is 0.0031 £/kg. In some Asian countries, such as Indonesia, ash could be used as fertilizer for agriculture. Heat exergy cost is 0.0619 £/kWh for gasifier and 0.3972 £/kWh for condenser in the BIGCC system. In the AC system, the exergy cost of the heat in the condenser and absorber is about 0.2956 £/kWh and 0.5636 £/kWh, respectively. The exergy cost of cooling in the AC system is 0.4706 £/kWh. This study shows that exergoeconomic analysis is powerful tool for assessing the costs of products.


2019 ◽  
Vol 290 ◽  
pp. 02007
Author(s):  
Radu Dan Paltan ◽  
Cristina Biriş ◽  
Loredana Anne-Marie Rădulescu

Of many techniques that are used to optimize production and costs, the studies conducted within a profile company lead to our choice for testing the 6Sigma method (the most used method in the automotive industry) in view of the economic efficiency applied in the wood Industry company. This method measures how many flaws exist in a process and determines in a systematic way how to improve it by technical overhauling and eliminating or minimizing the process for efficiency. This research article aims to study the state of research on the optimization of the production process through technical overhauling for panels reconstituted from solid wood and ways to make production more efficient by cutting costs through technical overhauling. From preliminary research, we estimate that all the items founded and others that will result from further research will result in a significant decrease in production costs that are reflected in the cost of the finished product and consequently in increasing the yield of the company by maximizing its profit. At the same time it may be the basis of future research studies in the field. The easier it is to maximize profits, the lower the operating costs are and the higher recovery rate of investments are, that will result a change in the operating mode: “working smarter not harder”.


2019 ◽  
Vol 290 ◽  
pp. 02006
Author(s):  
Anca Mocan ◽  
Anca Draghici

Lack of appropriate warehouse ergonomics is one of the leading causes of worker injuries in industry environments. As management teams are trying to reduce the cost of doing business, they look to worker’s health statistics and realize they must improve their way of operating. The paper presents a warehouse analysis done at the request of the management team of a Belgian manufacturing plant. The factory’s warehouse was audited with focus on Kanban bin weight, storage rack height and rack width to assess the ergonomic strain it causes on workers. The paper then presents possible automation options in order to find the best fit to reduce ergonomic impact, while also optimizing the total investment cost.


2021 ◽  
Vol 7 (1) ◽  
pp. 167-173
Author(s):  
Kelvin Riupassa ◽  
Narizma Nova ◽  
Endah Lestari ◽  
Sri Juniarti Azis ◽  
Wahyu Sulistiadi

Background: An ambulance is a vehicle designed to be able to handle emergency patients, provide first aid and carry out intensive care while on the way to a referral hospital. Ambulance operations require a large amount of funds obtained from APBD funds through tariffs that were passed through the DKI Jakarta Governor Regulation five years ago. For this reason, a new tariff is required to adjust to current conditions. Objectives: The purpose of this study is to calculate the unit cost of ambulance services in DKI Jakarta to be a consideration in the tariff setting policy in DKI Jakarta province. Research Metodes: This study uses a quantitative descriptive approach to obtain information about the unit cost of the Jakarta ambulance production unit. The method used is the calculation of real cost using the basis of the causes of costs. This research was conducted at the DKI Jakarta Emergency Ambulance using secondary data on investment costs, operational costs and maintenance costs in 2018. Results: The total cost of emergency ambulance in 2018 is known that the proportion of three cost components, namely operational costs, is 76%, followed by investment costs of 20% and maintenance costs of 3%. The calculation of the total cost of medical evacuation using the double distribution method is Rp. 98,915,016,805.00 divided by the number of medical evacuations in 2018 of 37,564 activities, the unit cost of medical evacuation for the AGD of DKI Jakarta Health Office is Rp. 2,633,215.00 without subsidies. APBD costs, while if the subsidy component is included in the calculation, the unit cost for one trip to the AGD of the Health Office is Rp. 604,071.00. This is still far above the current tariff of Rp. 450.00, so the cost recovery rate (CRR) is still below. 100%. Conclusion: From the three cost components consisting of investment, operational and maintenance costs,the largest proportion was operational costs at 76%. The Cost Recovery Rate has not reached 100% so that the existing rates have not covered the costs incurred.   Keywords: ambulance; price fixing; unit cost


2020 ◽  
Author(s):  
J. Fajardo ◽  
D. Yabrudy ◽  
D. Barreto ◽  
C. Negrete ◽  
B. Sarria ◽  
...  

Abstract Nowadays, maintenance is based on the synergistic integration of operational reliability and timely maintenance, which guarantees the required availability and optimal cost. Operational reliability implies producing more, better performance, longer life, and availability. Timely maintenance involves the least time out of service, fewer maintenance costs, fewer operating costs, and less money. In this work, we study the preheating train of a crude distillation unit of a refinery, which processes 994 m3/h, which presents a formation of a fouling layer inside it. Among the impacts of fouling is the reduction in the effectiveness of heat transfer, the increase in fuel consumption, the increase in CO2 emissions, the increase in maintenance costs, and the decrease in the profit margin of process. An appropriate cleaning program of the surface of the heat exchanger network is necessary to preserve its key performance parameters, preferably close to design values. This paper presents the maintenance method centered on energy efficiency, to plan the intervention of the preheating train equipment maintenance, which considers the economic energy improvement and the cost of the type of maintenance. The method requires the calculation of the fouling evolution from which the global heat transfer coefficient is obtained, and the heat flux is determined as a function of time. It was observed that, as time passes, the resistance provided by fouling increases and that the overall heat transfer coefficient decreases. The energy efficiency centered maintenance has an indicator of economic justification (factor J) that relates the economic-energy improvement achieved when performing maintenance, taking into account the economic effort invested. Depending on the cost of the type of maintenance to be performed, a threshold should be chosen, from which the maintenance activity is justified. The effectiveness values of the heat exchanger (ε) and the J indicator are used to form a criticality matrix, which allows prioritizing maintenance activities in each equipment. The planning of the implementation dates of the maintenance of each heat exchanger, from the maintenance method centered on energy efficiency applied to the crude distillation unit’s, preheat train, constitutes a contribution in this specific field. The conceptual design of the maintenance method centered on energy efficiency presented in this work is feasible for other heat transfer equipment used in oil refineries and industry in general. The procedure developed uses real operation values, and with its implementation, a saving of 150000 US dollars was achieved.


2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Sanny Ekawati ◽  
Nur Hidayah ◽  
Purwanto Purwanto

The purpose of the activity is to implement a competitive advantage strategy in the retail business and assistance in making product packaging in increasing retail business sales in the Old Tangerang market. PKM activity is an inspiration from the many retail stores that are not able to increase sales, which is due to competitive advantage strategies that have not been carried out optimally. Given the retail strategy in building a competitive advantage is very necessary for a retailer. The location of the traditional market was chosen because it still needs help from various parties. Including from educational institutions. For this activity partners were chosen because of limited competitive advantage and limited knowledge of the strategy of excellence. In addition, the limitations of partners to build excellence, in assessing internal and external factors in the business environment through SWOT, are indispensable to assist retailers in assessing business excellence. Furthermore, to improve product sales value, better product packaging is needed, this has not been done by partners. The method offered in this activity is the provision of knowledge of retail business excellence strategies, SWOT strategies and packaging design in the form of FGDs, socialization and training. While the assistance is done by making product packaging that is more environmentally friendly. Through this activity will help overcome the problems of partners in doing business better than competitors. Thus the hope can help partners in increasing sales.ABSTRAK:Tujuan kegiatan adalah mengimplementasikan strategi keunggulan bersaing usaha ritel dan pendampingan membuat pengemasan produk dalam meninggkatkan penjualan Usaha Ritel di pasar Lama Tangerang. Kegiatan PKM merupakan inspirasi dari banyaknya toko ritel yang tidak mampu meningkatkan penjulan, yang dikarenakan strategi keunggulan bersaing yang belum dilakukan secara optimal. Mengingat strategi eceran dalam membangun keunggulan bersaing sangatlah diperlukan bagi seorang pengecer. Dipilih lokasi pasar tradisional karena masih sangat membutuhkan bantuan dari berbagai pihak. Termasuk dari lembaga pendidikan. Untuk kegiatn ini mitra yang dipilih karena masih lemahnya keunggulan bersaing, lemahnya pengetahuan akan strategi keunggulan. Selain itu keterbatasan mitra membangun keunggulan, dalam menilai faktor internal dan eksternal di lingkungan usaha melalui SWOT, yang sangat diperlukan untuk membantu peritel dalam menilai keunggulan usaha. Selanjutnya untuk meningkatkan nilai jual produk diperlukan kemasan produk yang lebih baik, hal ini belum dilakukan mitra. Metode yang ditawarkan dalam kegiatan ini adalah pemberian pengetahuan akan strategi keunggulan usaha ritel, strategi SWOT dan desain kemasan dalam bentuk FGD, sosialisasi dan pelatihan. Sedangkan pendampingan dilakukan dengan membuat kemasan produk yang lebih ramah lingkungan. Melalui kegiatan ini akan membantu mengatasi persoalan mitra dalam melakukan usaha secara lebih baik dibandingkan pesaing. Dengan demikian harapannya dapat membantu mitra dalam meningkatkan penjualan


Sign in / Sign up

Export Citation Format

Share Document