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Life Cycle Costing – predicting life cycle costs as part of maintenance management and investment planning

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How does one achieve optimal plant operation in relation to maintenance? Production would like to maximise equipment performance and management would like to minimise maintenance costs. Although operational reliability is important for all, maintenance actions are often postponed, and preventive maintenance and change planning are cut in the name of cost-efficiency. Life Cycle Costing (LCC) is a tool that can be used to predict life cycle costs as part of maintenance management and investment planning.   

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Intelligent Engineering

Latest post

02/02/2023

Energy crisis or growing pains?

Kirjoittanut By Lari Heinonen

The options for solving the energy crisis have been known for a long time – now the actual solving of the issues should take priority. In Finland, the forest industry produces a large portion of...

Read more » Lue lisää »
Article

The ballast water issue cannot be wished away – here’s why

Author Mats Nyfors
Posted on

The same questions and claims regularly come up when talking about ballast water and its treatment. “Ballast water has been transported ever since ships were invented”, or “The invasive species have already been transported so the problem won’t get any worse”, or “There were no problems yesterday, why would there be any today”. Despite being rather common claims, they are not accurate. Here is why.

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Mats Nyfors

Mats has worked at Elomatic until 9/2018

Intelligent Engineering

Latest post

02/02/2023

Energy crisis or growing pains?

Kirjoittanut By Lari Heinonen

The options for solving the energy crisis have been known for a long time – now the actual solving of the issues should take priority. In Finland, the forest industry produces a large portion of...

Read more » Lue lisää »
Article

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