3. Economics of Corrosion

  1. R. Winston Revie
  1. E. D. Verink Jr.

Published Online: 19 APR 2011

DOI: 10.1002/9780470872864.ch3

Uhlig's Corrosion Handbook, Third Edition

Uhlig's Corrosion Handbook, Third Edition

How to Cite

Verink, E. D. (2011) Economics of Corrosion, in Uhlig's Corrosion Handbook, Third Edition (ed R. W. Revie), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470872864.ch3

Editor Information

  1. CANMET Materials Technology Laboratory, Ottawa, Ontario, Canada

Author Information

  1. Department of Materials Science and Engineering, University of Florida, Gainesville, Florida, USA

  1. Adapted from “Economics of Corrosion,” Publication 3C194, Technical Committee Report, copyright © 1994 by NACE International. Reprinted with permission. Further reproduction is prohibited. NACE technical committee reports are reviewed every 10 years; users should contact NACE at P.O. Box 218340, Houston, Texas 77218-8340.

Publication History

  1. Published Online: 19 APR 2011
  2. Published Print: 28 MAR 2011

ISBN Information

Print ISBN: 9780470080320

Online ISBN: 9780470872864



  • economics of corrosion, evaluation - assessment of technical validity and economic justification of alternatives;
  • economic analysis methods, concerned with entire service life - “life-cycle cost” methods;
  • depreciation, lessening in value - of asset with passage of time


This chapter contains sections titled:

  • Introduction

  • Corrosion—an economic problem

  • Notation and terminology

  • Methods of economic analysis

  • Depreciation

  • Generalized equations

  • Worked examples and applications

  • References

  • Bibliography