WHITE PAPER
Challenges and Best Practices for TCO Models of Technical Computing Resources for Engineering Modeling and Simulation Workflows
Many organizations focus heavily on the system’s initial capital cost when developing criteria and reviewing proposals for new procurements. While this is crucial for evaluating ROI, research shows that the initial purchase cost accounts for only half of the total expenses over the system’s useful life. This data point highlights the importance of understanding the total cost of ownership (TCO) when determining the full return on investment.
This white paper explores various TCO models for on-premises and cloud-based HPC infrastructure. It includes best practices for users to consider when developing their own TCO models and for vendors supporting users’ TCO efforts.
Benefits of investing in HPC resources for engineering modeling and simulation workflows
- Understand how different sites are currently viewing and measuring TCO
- Challenges relative to TCO models for HPCs
- Definition and comparison of TCO models utilized in the engineering modeling and simulation HPC resources
- Qualitative perspectives and recommendations to consider when selecting an appropriate model to utilize for HPC engineering modeling and simulation workflows
- Quantitative examples of TCO evaluations of engineering modeling and simulation HPC resources