Abstract
This white paper aims to provide critical insights into the lifecycle cost-based approach that needs to be taken in critical pumping applications.
Table of Contents
1 INTRODUCTION
- Introduction
- Introduction
- What is the Life Cycle Cost Practice?
- How OEE and Six Sigma Assist Decision-Making
2 CHALLENGES AND SOLUTIONS
- Challenges
- Introduction
- Ignorance of LCC Benefits
- Design Conservatism
- Budgets
- Solutions
- Solutions
3 BEST PRACTICES
- Best Practices
- Introduction
- Education
- Applications Knowledge and Correct Sizing
- Benchmarking
- Develop AM/LCC/Continuous Improvement
- Vendor Partnerships
4 CONCLUSION
- Conclusion
- Conclusion
