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Costs are not only monetary. There is a financial cost and also a waste of natural resources. In 1988 it was estimated that one tonne of metal was converted completely to rust every ninety seconds in the United Kingdom. [10] There is also the cost of human lives. Failure whether catastrophic or otherwise due to corrosion has cost human lives. [11]
Spare parts maintained at this level of repair are known as bench stock. Intermediate-level maintenance deployment can vary widely, and is highly dependent on desired operating conditions. In minimal maintenance concepts , there may be minimal or no I-level maintenance, a system known as two-level maintenance (O-level & D-level).
In 2002, the US Federal Highway Administration released a study titled "Corrosion Costs and Preventive Strategies in the United States" on the direct costs associated with metallic corrosion in the US industry. In 1998, the total annual direct cost of corrosion in the US roughly $276 billion (or 3.2% of the US gross domestic product at the time ...
Gardener's benches must be resistant to moisture and dirt. They are used for potting, seeding, and grooming, and usually have built-in shelving and storage. Electronics Formally a fixture in radio shacks, now used for assembly and repair of all sorts of electronic equipment including communication, computer, and home entertainment items. These ...
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In process improvement efforts, quality costs tite or cost of quality (sometimes abbreviated CoQ or COQ [1]) is a means to quantify the total cost of quality-related efforts and deficiencies. It was first described by Armand V. Feigenbaum in a 1956 Harvard Business Review article.