Economics

Abstract

Whether corrosion-engineering projects are being initiated or reviewed, possibly the most searching question the responsible management can ask is how much the projects will cost them. Corrosion, as such, is basically an economic problem associated closely with the loss of capital assets and business profits; corrosion control should provide the most advantageous course of obviating such losses in the first case, whilst not neglecting the most important implications of safety, health, pollution of environment and products, which have a very close affinity with corrosion damage.