 Socrates
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Socrates
Cost Analysis Dialog Socrates facilitates a rigorous,
present worth cost analysis for a given material through the Cost icon
on the toolbar. Clicking on the Cost icon leads to a dialog box
as shown below. The cost analysis module allows you to compare the costs
of using different materials for a given project using a large number of
relevant factors that are typically used in performing cost analyses:
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Material costs (delivery, design,
construction) data such as poundage and supply |
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Operating Costs |
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Maintenance Costs |
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Taxes, Depreciation and salvage value |
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Recurring annual costs |
Socrates takes into account different elements of project life
costing to determine an annualized (per year cost) using a specific
material as well as the total cost over the life time of the project.
The user has to specify all the input data in the data slots and click
on the CALC button in the dialog box. The program will display
the annualized cost and present worth after taxes (PWAT) based on the
life of the project at the bottom of the dialog box, shown in below.
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