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 sizing.
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