Economic Considerations in the Development of New Repairs for Gas Turbines

The economic concerns of developing a new repair procedure for a gas turbine for commercial production can be more challenging to overcome than the technical concerns. New repairs face a wide variety of economic and technical issues that branch into all phases of an operation. Coordination of a repair requires cooperation between engineering, production, finance, customer service, marketing, regulatory agencies, materials/purchasing, and senior management. A complete financial analysis of both internal and external expectations is required for a fiscally responsible project. This paper will examine the economic consideration underlying repair development and will include a discussion of the interaction and interests between the various functional groups.