The formula to calculate the Steam Leak Cost (SLC) is:
\[ SLC = A \times B \times C \]
Where:
A steam leak cost is the total loss, in dollars, that a steam leak is costing a business per unit of time. It takes into account the rate of steam leakage, the number of operational hours per day, and the cost of producing steam. This calculation helps businesses understand the financial impact of steam leaks and the importance of timely maintenance and repair.
Let's assume the following values:
Using the formula to calculate the Steam Leak Cost:
\[ SLC = 10 \times 24 \times 0.05 = 12 \text{ dollars per day} \]
The Steam Leak Cost (SLC) is $12 per day.