Cost Benefit Analysis

The key driver behind transfer modelling is cost benefit analysis. Below, a calculator is provided to facilitate this analysis.

The leverage provided by modelling is an improvement in the confidence level of the transfer station design.

Lost production will always incur some cost, and the greater this cost, the more important it becomes to increase confidence in the transfer design.

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Calculator

Capital Cost of Transfer Station, $ Confidence level in design , % Construction , days Estimated re-build time, days Estimated re-build cost, $ Cost of lost production , $/day Success cost Failure cost Probability of success, % Probability of failure, % Total probable cost, $ Confidence in modelled transfer, % Probable cost of modelled transfer, $ Cost benefit of modelling, $

Automatic recalculation