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Sensor Total Cost of Ownership Calculator

This calculator is based on the Sensor Total Cost of Ownership white paper (http://spaceagecontrol.com/s054a.htm). It allows you to compare the lifetime costs of ownership of two sensors or transducers. 

  

    

      Directions: 1. Enter values into
        all cells in the Assumptions section and press Set Assumptions.
        2. Enter values in all remaining cells based on a quantity of 1 sensor.
        Then, press Calculate.
    

    

      1. ASSUMPTIONS
    

    

      Currency
       
    

    

      Labor Cost Per Hour
      
         
    

    

      Sensor Manufacturer
      
      
    

    

      Sensor Part Number
      
      
    

    

      
    

    

      2. INITIAL COSTS
    

    

      Invoice Amount
      
        
      
        
    

    

      Shipping and Handling
      
        
      
        
    

    

      Taxes, Duties, Tariffs
      
        
      
        
    

    

      Extended Warranty
      
        
      
        
    

    

      3. INSTALLATION COSTS
    

    

      Installation Time
      
        minutes
      
        minutes
    

    

      Electrical Cable
      
        
      
        
    

    

      Electrical Connector
      
        
      
        
    

    

      Signal Conditioner
      
        
      
        
    

    

      Power Supply
      
        
      
        
    

    

      4. ONGOING COSTS
    

    

      Calibration Cost
      
        
      
        
    

    

      Repair and Maintenance Cost
      
        
      
        
    

    

      Replacement Cost
      
        
      
        
    

    

      5. INTANGIBLES
    

    

      A number of cost categories are either difficult to calculate
        or difficult to compare. In this section click the radio button in the
        column for the product that has the cost advantage as related to your
        requirements.
    

    

      Reliability

        What expenses will there be with unscheduled downtime?		
      
      
    

    

      Accuracy

        Will lower accuracy result in suboptimum control?		
      
      
    

    

      Scheduled Down Time

        What costs will be incurred due to sensor maintenance?		
      
      
    

    

      Usability

        Will difficult design cause long learning curves?		
      
      
    

    

      Lead Time

        Will long lead time delay critical activities?		
      
      
    

    

      On-Time Performance

        Will a late shipment cause you to incur costs?		
      
      
    

    

      Environmental Rating

        Will you need to protect the sensor from hazards?		
      
      
    

    

      Stocking Requirements

        Will long lead time and unreliable shipping cause you to stock spares?		
      
      
    

    

      Training

        Is training required to use the sensor?		
      
      
    

    

      Documentation

        Will you need to spend excessive time hunting down product details?		
      
      
    

    

      Customer Service

        Will unanswered inquiries cause you downtime?		
      
      
    

    

      Technical Support

        Will a lack of advice cause you to hire a consultant?		
      
      
    

    

      
    

    

      
RESULTS
                  

    

    

      Initial Costs (2)

        Installation Costs (3)

        Ongoing Costs (4)		
      
        0.00        
 
        0.00        
 
        0.00        

         		
      
        0.00        
 
        0.00        

        
        0.00        		
    

    

      Total Tangible Costs (2+3+4)
      
        0.00        

         		
      
        0.00        
    

    

      Intangibles (5)
       
        0        items 
      
        0        items

What Is The Purpose of This Calculator?

This calculator provides insight into what the lifetime costs are in purchasing, maintaining, storing, replacing, and otherwise using a sensor or transducer. The results from the calculator can often indicate that the initial purchase costs are just a small fraction of the sensor's lifetime costs. The calculator is a model only that is subject to the assumptions above as well as factors unique to your application.

The calculator does not address the time value of money.

Other calculators:

No Warranties: This calculator and information are provided "as is" without any warranty, condition, or representation of any kind, either express or implied, including but not limited to, any warranty respecting non-infringement, and the implied warranties of conditions of merchantability and fitness for a particular purpose. In no event shall SpaceAge Control, Inc. be liable for any direct, indirect, special, incidental, consequential or other damages howsoever caused whether arising in contract, tort, or otherwise, arising out of or in connection with the use or performance of the information contained on this Web page.

Page last modified on 2006-11-20 15:25
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