Title :
Methodology for risk-informed maintenance and reinvestment decisions
Author :
Catrinu, Maria D. ; Nordgård, Dag E.
Author_Institution :
SINTEF Energy Res., Trondheim, Norway
Abstract :
This paper presents a methodology for risk-informed maintenance and reinvestment decision support in distribution companies. The methodology incorporates different analyses such as simplified risk analyses, quantitative risk analyses and economic analyses, into a multi-criteria decision support framework. The goal of the methodology is to provide formal decision support for asset managers in distribution companies.
Keywords :
maintenance engineering; power distribution economics; risk analysis; asset management; distribution companies; economic analysis; multicriteria decision support framework; quantitative risk analysis; reinvestment decision support methodology; risk-informed maintenance methodology; Aging; Asset management; Costs; Decision making; Environmental economics; Load management; Power generation economics; Risk analysis; Risk management; Safety; asset management; distribution system; multi-criteria decisions; risk analysis;
Conference_Titel :
Probabilistic Methods Applied to Power Systems (PMAPS), 2010 IEEE 11th International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-5720-5
DOI :
10.1109/PMAPS.2010.5528313
