input,vendor_a,vendor_b,vendor_c,notes Normalized capex INR lakh,,,,Include freight erection commissioning testing Expected downtime hours per year,,,,Use conservative estimate Downtime cost per hour INR,,,,Production loss or management estimate Annual maintenance cost INR lakh,,,,Planned plus expected corrective Expected service life years,,,,Use same horizon for all vendors Critical spare starter cost INR lakh,,,,Include recommended initial spares 5 year downtime cost INR lakh,,,,Formula: downtime hours x cost/hour x 5 / 100000 5 year maintenance cost INR lakh,,,,Formula: annual maintenance x 5 5 year estimated ownership cost INR lakh,,,,Capex + downtime + maintenance + spares TCO decision note,,,,Cheapest capex may not be cheapest ownership