Title :
Determining economic life cycle for power transformer based on life cycle cost analysis
Author :
Sung Hun Lee ; An Kyu Lee ; Kim, J.O.
Author_Institution :
K-water Res. Inst., Korea Water Resources Corp., South Korea
Abstract :
Today, the power utilities are setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Under structure of vertically integrated power industry, great cost has been spent to enhancing reliability of such power utilities. This paper presents the principle calculation of determining economic life cycle on the power transformer from economic aspect of asset management. Economic life cycle is calculated by life cycle cost analysis performed in accordance to IEC 60300-3-3. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.
Keywords :
IEC standards; ageing; asset management; decision making; investment; life cycle costing; power transformers; reliability; IEC 60300-3-3; asset management; economic evaluation; economic life cycle; investment decision making; life cycle cost analysis; load growth; power equipment aging; power transformer; power utility reliability enhancement; system performance stability; vertically-integrated power industry; Annual Equivalent Cost Analysis(AEC); Asset Management; Life Cycle Cost(LCC); Transformer;
Conference_Titel :
Power Modulator and High Voltage Conference (IPMHVC), 2012 IEEE International
Conference_Location :
San Diego, CA
Print_ISBN :
978-1-4673-1222-6
DOI :
10.1109/IPMHVC.2012.6518816
