Systems and methods for economic retirement analysis

An economic retirement analysis system that comprises:

• a first memory that stores economic retirement software;
• a second memory that stores cost data associated with an existing component;
• and
• a processor configured to execute the economic retirement software, wherein the economic retirement software configures the processor to:
• receive data identifying the existing component and a potential replacement component and information that determines a cost associated with the existing component or the potential replacement component;
• calculate an economic retirement date for the existing component, the economic retirement date defined as a date when a maintenance cost for the existing component exceeds a sum of a maintenance cost and a porting cost for the one potential replacement component;
• calculate an acquisition cost recovery date of the potential replacement component, the acquisition cost recovery date defined as the date when savings due to the difference between the maintenance cost of the existing component and the maintenance cost of the potential replacement component exceeds the sum of an acquisition cost and a porting cost for the potential replacement component;
• store the economic retirement date in the second memory;
• and
• determine that the potential replacement component is economically viable when the economic retirement date is sooner than an end of life for the existing component and when the acquisition cost recovery date occurs before an end of life of the potential replacement component, the end of life for the existing component is when a vendor ceases to support the existing component, and the end of life for the potential replacement component is when a vendor ceases to support the potential replacement component.

A method for economic retirement analysis that comprises:

• identifying an existing component and a potential replacement component;
• estimating a maintenance cost for the existing component and a maintenance cost and a porting cost for the potential replacement component;
• calculating, by an economic retirement tool stored on a non-transitory computer readable medium, an economic retirement date for the existing component;
• storing the economic retirement date, wherein the economic retirement date is defined as a date when a maintenance cost for the existing component exceeds a sum of a maintenance cost and a porting cost for the one potential replacement component;
• determining, by the economic retirement tool, that the potential replacement component is economically viable when the economic retirement date is sooner than an end of life for the existing component and when the acquisition recovery date occurs before an end of life of the potential replacement component, the end of life for the existing component is when a vendor ceases to support the existing component, and the end of life for the potential replacement component is when a vendor ceases to support the potential replacement component;
• and
• ranking, by the economic retirement tool, the potential replacement component determined to be economically viable, wherein the ranking comprises:
• calculating a sum of the maintenance cost for the existing component through the economic retirement date, the maintenance cost for the potential replacement component determined to be economically viable until a vendor of the potential replacement component ceases to support the potential replacement component, the acquisition cost for the potential replacement component determined to be economically viable, and a porting cost for the potential replacement component determined to be economically viable.