Life Cycle Costing is the cost of an asset, or its parts, throughout its life cycle, while fulfilling the performance requirements. In this section you can find reports and calculation tools for the life cycle cost of stainless steel applications.
The International Stainless Steel Forum has developed an easy to use card which explains briefly why a developer should consider using stainless steel and calculate the life cycle cost of a project to discover stainless steel is often a long-term cost-effective solution.
Stainless steel is often seen as an expensive material and therefore not considered for a project due to the initial purchasing cost. Although the initial cost of the stainless steel material may be higher, the whole life cycle cost is often lower than for other materials. A whole life cycle costing calculation should include materials, fabrication, installation, operation, maintenance, down time, replacement due to wear and residual value. A calculation formula is provided on the card.
Published: 18/12/2018
Last modified: 18/12/2018
Specialty Steel Industry of North America Life Cycle Costing Application Usage Form.
Published: 8/5/2012
Last modified: 8/5/2012
A concise definition of LCC and comments on its importance to many business decisions.
Source: Southern Africa Stainless Steel Development Association
Published: 8/5/2012
Last modified: 8/5/2012
Article explains the methodology of LCC and provides a typical case-study.
Source: The A to Z of Materials
Published: 8/5/2012
Last modified: 8/5/2012
A basic attribute of stainless steel is the ability to provide long-term performance with a minimum of downtime and cost associated with maintenance. As a result LCC is of particular importance to the stainless industry. Whilst the mathematics of LCC can be quite complex an IBM or compatible PC program on floppy disk has been developed. This can be easily applied to most examples.
Source: Australian Stainless Steel Development Association
Published: 8/5/2012
Last modified: 8/5/2012
This report is to look at Life Cycle Costing analysis on stainless steel and on various objects and materials in order to compare their effectiveness in terms of cost and environmental impacts, and was written by the students of the University Paris 1st - Pantheon-Sorbonne - collaborated with ISSF.
Published: 8/5/2012
Last modified: 8/5/2012
