The Asset Management Page displays the financial analysis of when it makes sense to repair or replace a pump based on the value of energy savings and the repair cost based on the station’s operation history. For more on how these calculations are performed, see this blog post on pump optimization.
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Pump Repair Financial Factors
Annual Discount Rate: Your organization's cost of capital or project hurdle rate – consult with your finance department to determine the appropriate value.
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Average Energy Cost: Specify an estimate of the utility’s average total cost of energy at the pump station including demand and any other charges.
Projected Energy Reduction: Energy savings
Present Value of Energy Reduction: A
Pump Repair Financial Analysis
Repair As: Select the pump make and model with which to replace the current pump. If you intend to repair, rather than replace the pump, choose the current pump’s make and model.
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Pulling the pump and transport
Replacing impeller and wear rings (if repairing the pump)
Re-installing pump
In-situ testing
All parts, labor, delivery, and travel costs
Estimate of any additional repairs that may be required based on inspection of the pump.
Recommendations
If the Net Present Value (NPV) and Return on Investment (ROI) are positive for repairing one or more pumps, then the DPO will recommend a repair/replacement.
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This section indicates which pump to repair/replace first. If more than one pump is listed, Specific Energy suggests that the pump listed first be replaced first, followed by the second. |
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