Corrosion Control - Just Another Cost?

CIM Bulletin, 1973

K. R. NICHOL, President, Corrosion Engineering Consultants, St. Albert, Alberta

The author points out that corrosion works 24 hours a day, every day. It is an economic reality that the cost of corrosion is inevitable and that its cost should be incurred in the least expensive way. An economic evaluation technique to properly assess its relative impact is the Discounted Cash Flow Method. Various remedial and corrosion control measures are available and these, when coupled with a planned corrosion control program, help reduce the cost of corrosion.
Keywords: cathodic protection, corrosion engineering, discounted cash flow, National Association of Corrosion Engineers, St. Albert, Alberta, Consultants, Corrosion, Corrosion control, Cost, Costs, Economics, Engineering, Equipment, Maintenance