Abstract
Modern society has become increasingly dependent on a reliable energy supply. As a result, asset managers at TSOs and DNOs have a strong focus on managing reliability and controlling risks, amongst others by complying with the ISO 55000 standard on asset management. Asset managers need to arrange the decision making such that the available OPEX (maintenance) and CAPEX (investments) budgets for the grid assets are used in an optimum way. In the decision making process, asset managers often use some form of asset health index in combination with a failure impact analysis to gain insight in the (impact of) asset condition and in order to identify the required interventions. This paper describes the complexity of this process, addresses the requirements that need to be fulfilled, and illustrates the solutions that are available. In particular, we address the possible bottlenecks, and ways to circumvent them, related to the impact of missing or low-quality data, dealing with uncertainties, handling multiple business values and KPIs, and taking into account costs and constraints. We have given an outline of the DNV GL asset management decision taking model (AHRM). Based on our experience with this model we have formulated a number of recommendations. One of the recommendations is a plea for asset data sharing between utilities.
Original language | English |
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Title of host publication | Asset Management Conference (AM 2016) |
Publisher | Institution of Engineering and Technology |
Number of pages | 8 |
ISBN (Electronic) | 978-1-78561-367-8 |
ISBN (Print) | 978-1-78561-368-5 |
DOIs | |
Publication status | Published - 17 May 2018 |
Externally published | Yes |
Event | Asset Management Conference (AM 2016) - London, United Kingdom Duration: 23 Nov 2016 → 24 Nov 2016 |
Conference
Conference | Asset Management Conference (AM 2016) |
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Abbreviated title | AM 2016 |
Country/Territory | United Kingdom |
City | London |
Period | 23/11/16 → 24/11/16 |