Track: Economics
This session will examine the direct and indirect costs associated with corrosion, including maintenance expenses, downtime, repair costs, and lost productivity across various sectors such as infrastructure, transportation, energy, and manufacturing. Participants will gain a comprehensive understanding of the economic implications of corrosion mitigation strategies, including preventive maintenance, protective coatings, and advanced materials. Case studies and economic models will illustrate the cost-effectiveness of investing in corrosion management practices to prolong asset life and enhance operational efficiency. Papers will also explore emerging trends in corrosion economics, such as life cycle cost analysis and risk-based decision-making, to optimize resource allocation and mitigate financial risks associated with corrosion-related failures.
