Skip to main content

Forecasting the Economic Number of Times Sheet Metal Subject to Corrosion Should Be Painted Before Replacement

  • Conference paper
  • First Online:
Intelligent and Transformative Production in Pandemic Times

Abstract

The present paper describes a method for forecasting the economic number of times a sheet metal, integrated in a structure, and subjected to high corrosion, must be repainted before its thickness reaches a minimum limit, advising for its replacement. Within this approach, one is acknowledged of all the relevant costs originated, predictably, over the life cycle of the sheet metal, demonstrating the utility of combining descriptive functions (of the physical phenomena from the field of materials engineering) with financial analysis’ functions, thus completing what one can properly call—technical–economic analysis—whose opportunity is verified so many times in engineering economy and maintenance.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 299.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 379.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 379.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Schuman, C., Brent, A.: Asset life cycle management: towards improving physical asset performance in the process industry. Int. J. Oper. Prod. Manag. 25(6), 566–579 (2007)

    Article  Google Scholar 

  2. Jong, S., Hoefnagels, R., Wetterlund, E., Petterson, K.: Cost optimization of biofuel production—the impact of scale, integration, transport, and supply chain configurations. Appl. Energy 195, 1055–1070 (2017)

    Article  Google Scholar 

  3. Rabin, M.: Incorporating limited rationality into economics. J. Economic Lit. 51(2), 528–543 (2003)

    Article  Google Scholar 

  4. Gomes, F., Michaelides, A.: Optimal life-cycle asset allocation: Understanding the empirical evidence. J. Financ. 60(2), 869–904 (2005)

    Article  Google Scholar 

  5. Shifler, D.: Understanding material interactions in marine environments to promote extended structural life. Corros. Sci. 47(10), 2335–2352 (2005)

    Article  Google Scholar 

  6. Munk, T., Kane, D., Yebra D.: The effects of corrosion and fouling on the performance of ocean-going vessels: a naval architectural perspective. In: Hellio, C., Yebra, D. (eds.) Advances in Marine Antifouling Coatings and Technologies, pp. 148–176 (2009)

    Google Scholar 

  7. Holroyd, H., Scamans, G.: Environmental degradation of marine aluminium alloys—past, present, and future. Corrosion 72(2), 136–143 (2016)

    Google Scholar 

  8. Assis, R.: Decision making in maintenance Management of Physical Assets (in Portuguese). Lidel (2014)

    Google Scholar 

  9. Canada, J., Sullivan, W., Kulonda, D., White, J.: Capital Investment Analysis for Engineering and Management (3rd ed.). Prentice Hall (2004)

    Google Scholar 

  10. Sulivan, W., Wicks, E., Koelling, P.: Engineering Economy (17th ed.). Pearson Education (2018)

    Google Scholar 

Download references

Acknowledgements

The research leading to these results has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowvska-Curie grant agreement 871284 project SSHARE.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to R. Assis .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Assis, R., Carmona Marques, P. (2023). Forecasting the Economic Number of Times Sheet Metal Subject to Corrosion Should Be Painted Before Replacement. In: Huang, CY., Dekkers, R., Chiu, S.F., Popescu, D., Quezada, L. (eds) Intelligent and Transformative Production in Pandemic Times. Lecture Notes in Production Engineering. Springer, Cham. https://doi.org/10.1007/978-3-031-18641-7_44

Download citation

  • DOI: https://doi.org/10.1007/978-3-031-18641-7_44

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-18640-0

  • Online ISBN: 978-3-031-18641-7

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics