Economic analysis of replacement of conventional welding technology with unconventional
The technological and social environment in which we live changes very quickly. Competition grows from time to time, so it is a constant tendency towards product and service providers to achieve a competitive advantage, and thus satisfy the needs of consumers. In order to achieve the above, the organization is often at a crossroads where important decisions are needed, which are most often related to the investment in new equipment or technology. Also, in parallel with the decision to invest in new equipment or technology, a decision is made to retain or upgrade the existing one. In order to make the right decision, often well-known postulates of engineering economies are often used, which include systematic assessment of the economic values of the proposed solutions. In order for economies to be acceptable, solutions must show the existence of a positive relationship between long-term benefits and long-term costs, as well as ensuring the success and survival of companies in the market. In this paper, the economic costeffectiveness of replacing the existing electrolytic welding technology with insoluble electrode in inert gas (TIG), the new FSW welding technology is considered.