Life time costs

A total of all other costs relating to a good over its expected lifetime in addition to the amount paid to acquire it. These extra expenses, which usually cover costs involved with maintaining the good, often when added together over time, can be greater than the original purchase price of the underlying good.

This is easy to see and understand with respect to certain products, like a car. For example, outgoing cash flows do not stop once you buy the car. Consider the costs involved with weekly gas fill ups, periodic oil changes and other types of maintenance, such as roadside assistance, car washes and insurance payments. One can easily spend considerably more than the car’s purchase value.

The same way of thinking should be used when purchasing most products that have a lifetime surpassing the first maintenance cycle.

With respect to valves and specifically pv valves, there is first of all a considerable difference in lifetime. A cast iron, or ductile iron valve used on a vessel sailing on the seas, will normally have a lifetime expectancy of less than half that of a stainless steel valve. Allready here one can see that just comparing purchasing price alone is not completely correct when choosing a valve. In addition to this ofcourse is the cost with respect to maintaining the valve to work correctly. For equipment like pv-valves, maintenance is vital for the correct operation and hence the safety for the vessel and its crew and cargo.

Our VQHV-ISO with its monoboy design has uniquely simple maintenance procedures, due to the fact that by opening the pressure body access is secured both to the pressure and to the vacuum side of the valve. More of this under maintenance.