Analyzing The Life Cycle Cost Of A Centrifugal Pump In Order To Increase Its Monetary Efficiency
Abstract- This paper attempts to find out the life cycle cost of a centrifugal pump in order to increase its monetary
efficiency. So in this concerned study mean time between failures (MTBF) and mean time to repair (MTTR) are the major
factors stressed upon. Here basically emphasis is on calculating all the costs and not only on the acquisition costs. Life cycle
cost analysis is a probability based analysis not depending on perfect costs.
Keywords- Life Cycle Cost, Monetary Efficiency, Analysis, Failure