The calculation uses hypothetical figures, however, based on actual values. Irrespective of the concrete calculations, one thing is obvious: The total cost of operating and purchasing test and measurement equipment far exceeds the actual purchase price. This is what "Total Cost of Ownership" (TCO) actually means. TCO is more than pure economic theory. When taking their decision to invest, companies worldwide increasingly shift their focus from the mere cost of purchasing a product to the total cost arising during the use of equipment. This approach in particular applies for investment decisions in measurement technology.
Technical services - for example starting up test equipment or even taking measurements - are increasingly outsourced and no longer performed in-house. Test and measurement expertise often is no longer available in the companies. New usage concepts play an important role: Test and measurement equipment is used in an increasingly wide range of applications and test and measurement projects. This results in additional costs that need to be taken into account. "Internal", indirect costs for working time that have been accepted in most cases so far are now being looked at more closely - in times of scarce resources this has become a very important aspect.