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Implementation of Metal Casting Best Practices - EERE - U.S. ...

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• Cost <strong>of</strong>:<br />

o The s<strong>of</strong>tware package or license<br />

o The computer to run the application<br />

o Training on how to use the modeling application<br />

o The hourly rate or salary <strong>of</strong> the user<br />

• Benefits deriving from reduced:<br />

o Lead-time due to the avoidance <strong>of</strong> a costly trail-and-error process<br />

o Man hours associated with the trail-and-error process<br />

o <strong>Metal</strong> cost associated with improved casting yield<br />

o Scrap rate<br />

Developing quantitative estimates <strong>of</strong> costs and the dollar value <strong>of</strong> benefits will enable<br />

management to evaluate the potential financial return to the corporation <strong>of</strong> investments made<br />

in proposed energy efficiency improvement initiatives.<br />

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