On Distribution Asset Management: Development of Replacement Strategies

Author(s)
Hampton, Nigel
Hartlein, Rick
Begović, Miroslav
Perkel, Josh
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Abstract
The components of electricity networks are ageing. It is expected that within a horizon of 15 years, the performance will deteriorate significantly, while the costs for operating the networks will increase enormously. The main problem is that a significant part of the population of the assets is installed in the same period, resulting in a highly concentrated number of failures in a short time. The currently applied replacement strategy has to be revisited, in order to accommodate the effects of ageing assets: higher maintenance costs, high failure rates, and a steep increase of capital expenditure (CAPEX).
Sponsor
The work reported here was supported by a large number of utilities in North America and the US Department of Energy under award number DE-FC02-04CH11237.
Date
2007-07
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Text
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Paper
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