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Industry · OILFIELD SERVICESFunction · Maintenance & Reliability
UC-140

CarbideIQ Repair-or-Retire Economics

Works out for each returning bit whether repair or retirement earns more at live tungsten prices, and which body type fits each job.

TBDBuild Duration
TBDIndicative ROI

The Challenge

Repair-or-retire and material selection decisions are often based on engineering judgement rather than a consistent economic evaluation, leading to avoidable material and lifecycle costs.

How It Works

  • Ingests repair job records and costs, run history per serial, parts prices and a tungsten feed.
  • Models remaining-life economics per bit at today's material prices and by body type.
  • Returns a keep-or-retire call with the money shown, plus reclaim plans and what-if views.

What It Removes

  • Repair-or-retire calls made by judgement
  • Body-type choices priced on purchase cost
  • Reclaimable material bought new
Input Data RequirementsShop repair records and costs, run history per bit serial, parts lists and purchase prices, live tungsten price feed, recycling partner records
Output FormatRepair-or-retire recommendation with economics, body-type guidance, reclaim plan, price-shock what-ifs
Every repair decision backed by numbers at today's tungsten price, not last year's habit.
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