Alejandro Plazas, ValvTechnologies, Latin America, explains why considering the total cost of ownership of valves will ultimately pay big dividends.
A
ll industries calculate the total cost of ownership, particularly when they plan new projects or evaluate unit maintenance costs. Unit by unit, they evaluate equipment, seeking the lowest lifetime cost. The
challenge is to realistically and reliably apply the concept to different processes, industries and equipment. Thinking of a valve as an investment rather than a cost changes perspectives. This article discusses how to calculate the
HYDROCARBON 59
ENGINEERING
February 2022
