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Last updateThu, 19 Oct 2017 5pm

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Long Term Cost of Ownership: Seeing Beyond the Initial Price Tag

pricetagThe concepts used in long-term cost of ownership (LTCO) go back as far as the 1700s. However, the label was first used in 1929 when the American Railway Engineering Association introduced a manual for efficiently maintaining or building a railway. That manual noted that “in the event there is a subclass of power, then the total cost of ownership should be multiplied by the ratio of the cost of repairs to the total.”


Valve Service Shops are Not Created Equal

13 fall service 1Not long ago, a common practice for companies in the chemical, power and refining industries was to have personnel on staff to handle many valve maintenance and service activities. Today, as skilled professionals of the baby boomer generation retire and companies face increasing pressure to contain costs, a growing number of firms are turning to outside vendors to help them manage the health of their valves.

Trends in Independent Valve Pressure Testing

13 spr testing fig1Before the industry slowdown of 2008, some end users performed third-party pressure testing of valves for use in critical service according to the acceptance criteria of ASME B16.34, API-598, API-6D, etc.

First Valve Repair Event Shows Depth of Today's Issues

13 wnt m-r 1Repair and maintenance is one of the most critical areas of today’s valve world and attendees at the Valve Repair Council’s first Valve Repair Meeting & Exhibition last fall found out why. From the value of radio-frequency identification (RFID) tagging to the latest proposed standards, speakers brought their audiences up to date while vendors to the industry showed the latest in products and services that can keep this nation’s facilities in tip-top shape.

 

VRC to Hold New Valve Repair Event

vmsum12_vrcLike VMA, the Valve Repair Council is committed to education for those in the valve industry. VRC recently added a conference designed specifically for the valve and actuator repair and maintenance industry. The inaugural Valve Repair Meeting and Exhibition will be November 1 to 2 in Houston.

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