PVS Cost Justification

# parts/day for First Part Inspection

4

4

10

10

15

15

20

20

Avg time/part for manual inspection (min)

30

45

30

45

30

45

30

45

Avg time/part for PVS (min)

4

4

4

4

4

4

4

4

Cost (in USD)/hour to run NC Punch

65

65

65

65

65

65

65

65

Time saved/day (min)

104

164

260

410

390

615

520

820

Cost saved/day in USD

112.67

177.67

281.67

444.17

422.50

666.25

563.33

888.33

Cost saved/year in USD

27,040

42,640

67,600

106,600

101,400

159,900

135,200

213,200

Time to payback of PVS in months

24.41

15.48

9.76

6.19

6.51

4.13

4.88

3.10

PVS Cost Justification

# parts/day for First Part Inspection

4

4

10

10

15

15

20

20

Avg time/part for manual inspection (min)

30

45

30

45

30

45

30

45

Avg time/part for PVS (min)

4

4

4

4

4

4

4

4

Cost (in USD)/hour to run Laser

95

95

95

95

95

95

95

95

Time saved/day (min)

104

164

260

410

390

615

520

820

Cost saved/day in USD

164.67

259.67

411.67

649.17

617.50

973.75

823.33

1,298.33

Cost saved/year in USD

39,520

62,320

98,800

155,800

148,200

233,700

197,600

311,600

Time to payback of PVS in months

16.70

10.59

6.68

4.24

4.45

2.82

3.34

2.12