Technodiversity Glossary

The engineering formula covers all different sorts of costs that a working system has during its life span. It calculates the costs per hour. Since in real life during this hour some short interruptions can happen, the calculation is made for PMH₁₅, which means one hour including short breaks until 15 minutes.

The cost components are depreciation, interest costs, repair and maintenance costs, variable costs and labor costs.

(See more at TDiv PR1-C02)