Methods of Appraisal

The systematic analysis of corrosion control in design is primarily concerned with the last type of financial comparison. There are several different techniques for calculating the economic appraisal of corrosion control at hand, as follows  

For an overall simplified and standard approach to the economic appraisal calculations, reference is made to NACE, RP-02-72 (direct calculation of economic appraisals of corrosion-control measure, based on the method of discounted cash flow analysis.) 

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