New App lifts the lid on stainless steel’s lower life cycle costs
The Southern Africa Stainless Steel Development Association (SASSDA) is set to lift the lid on the ‘bigger picture’ – namely stainless steel’s ability to ensure far lower overall life cycle costs (LCC) by way of their newly launched App. The App allows for the real-time calculation of the LCC of stainless steel via an easy to use, pre-programmed calculator. This requires the entry of key top-line data, followed by the simple click of a ‘Calculate’ Button which in turn generates a breakdown of the relevant costs and the ability to e-mail this to the relevant recipients. The App was created to assist engineers to calculate total LCC using the standard accountancy principle of discounted cash flow, so that total costs incurred during a life cycle period are reduced to present day values. Many months have been spent working out the correct formulas that now form the backend of the app, which has removed the burden of this type of time-consuming calculation from the end user. The App is now available on the Google Play (Android) Store and will be available in the Apple iStore by the end of the year.