Life cycle costs (LCC) consider all costs of a plant or component over its entire service life: acquisition, commissioning, energy, lubricants and coolants, maintenance, spare parts, downtime, quality losses, training and disposal.
Looking at the big picture often shows that buying cheap can end up being expensive in operation. Measures such as energy-efficient drives, durable seals, high-quality lubricants, good filtration and condition monitoring reduce running costs and the risk of breakdowns. Service contracts, residual values, availability targets and, where applicable, CO₂ costs are also included in the calculation.
A structured LCC comparison supports informed investment decisions, reveals potential savings and helps allocate budgets where they will bring the greatest long-term benefits. Transparent assumptions, sensitivity analyses and scenario comparisons make decisions transparent. This allows the total cost of ownership and technical requirements to be clearly balanced at an early stage – a win for production, maintenance and purchasing.
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