These cases are saved in a cost table in the Socrates database and can be accessed later. This cost table is linked to the alloys table, so that all the cost cases pertaining to an alloy can be looked up.

Socrates takes into account different elements of project life costing to determine an annualized (per year cost) using a specific material as well as the total cost over the life time of the project. The user has to specify all the input data in the data slots and click on the CALC button in the dialog box. The program will display the annualized cost and present worth after taxes (PWAT) based on the life of the project at the bottom of the dialog box, shown in below.