Consider life-cycle costs in specifying control valves
Latest approach improves sizing valves while also incorporating total ownership investment
The life cycle of a control valve is divided into different
phases. The resulting life-cycle cost (LCC) is mainly comprised
of the acquisition investment and the follow-up costs for
operations and maintenance. Depending on the valve type and
operating conditions, these follow-up costs can account for a
major share of the total investment. Thus, assessing the life
cycle cost is increasingly gaining importance in valve
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