Lifecycle cost equation for pump systems

The life cycle cost of a pump system is the total cost of all system components over their lifetime. This is typically 10 to 20 years. The life cycle cost of a pumping system is calculated as: 

LCC = C_ic + C_in + C_e + C_o + C_m + C_s + C_env + C_d

Where: 

LCC  = life cycle cost 

C_ic    = initial costs, purchase price 

C_in    = installation and commissioning costs 

C_e     = energy costs 

C_o     = operating costs 

C_m    = maintenance and repair costs 

C_s     = downtime costs (loss of production) 

C_env  = environmental costs 

C_d     = decommissioning/disposal costs 

The most significant life cycle costs are initial costs, energy costs, and maintenance and repair costs. As shown on the graph, energy costs are by far the greatest of all costs. 

Grundfos pumps and systems are cost-effective solutions when considered over the product or system lifetime. Use the Grundfos sizing tool to calculate lifecycle costs for pump systems.