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ASTM International - ASTM A1068-10

Standard Practice for Life-Cycle Cost Analysis of Corrosion Protection Systems on Iron and Steel Products

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Organization: ASTM International
Publication Date: 1 December 2010
Status: inactive
Page Count: 5
ICS Code (Corrosion of metals): 77.060
significance And Use:

LCC analysis is an economic method for evaluating alternatives that are characterized by differing cash flows over the designated project design life. The method entails calculating the LCC of... View More

scope:

1.1 This practice covers a procedure for using life-cycle cost (LCC) analysis techniques to evaluate alternative corrosion protection system designs that satisfy the same functional requirements.

1.2 The LCC technique measures the present value of all relevant costs of producing and rehabilitating alternative corrosion protection systems, such as surface preparation, application, construction, rehabilitation, or replacement, over a specified period of time.

1.3 Using the results of the LCC analysis, the decision maker can then identify the alternative(s) with the lowest estimated total cost based on the present value of all costs.

1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

Document History

May 1, 2020
Standard Practice for Life-Cycle Cost Analysis of Corrosion Protection Systems on Iron and Steel Products
1.1 This practice covers a procedure for using life-cycle cost (LCC) analysis techniques to evaluate alternative corrosion protection system designs that satisfy the same functional requirements....
May 1, 2015
Standard Practice for Life-Cycle Cost Analysis of Corrosion Protection Systems on Iron and Steel Products
1.1 This practice covers a procedure for using life-cycle cost (LCC) analysis techniques to evaluate alternative corrosion protection system designs that satisfy the same functional requirements....
ASTM A1068-10
December 1, 2010
Standard Practice for Life-Cycle Cost Analysis of Corrosion Protection Systems on Iron and Steel Products
1.1 This practice covers a procedure for using life-cycle cost (LCC) analysis techniques to evaluate alternative corrosion protection system designs that satisfy the same functional requirements....
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