Introduction
The Modelling Process
Information Required
Theory
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    Sample Model by BSM
 

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.

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 






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