A component replacement model for electricity distribution systems

Jose F. Espiritu; David W. Coit

doi:10.1080/00137910802482279

A component replacement model for electricity distribution systems

Jose F. Espiritu, David W. Coit

School of Engineering, Industrial Engineering

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

A new replacement analysis methodology is developed and demonstrated to determine system-level component replacement schedules for electricity distribution systems composed of sets of heterogeneous assets. The proposed model is an iterative combined dynamic programming and integer programming approach to obtain cost-efficient system-level component replacement schedules with the objective of minimizing the total net present value of unmet demand (considering the system availability), maintenance, and purchase costs over a finite planning horizon. There is an annual budget limiting total expenditures for maintenance and replacement costs that limits the selection of component replacement schedules.

Original language	English (US)
Pages (from-to)	318-339
Number of pages	22
Journal	Engineering Economist
Volume	53
Issue number	4
DOIs	https://doi.org/10.1080/00137910802482279
State	Published - Oct 2008

All Science Journal Classification (ASJC) codes

Education
Economics and Econometrics
Engineering(all)

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10.1080/00137910802482279

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abstract = "A new replacement analysis methodology is developed and demonstrated to determine system-level component replacement schedules for electricity distribution systems composed of sets of heterogeneous assets. The proposed model is an iterative combined dynamic programming and integer programming approach to obtain cost-efficient system-level component replacement schedules with the objective of minimizing the total net present value of unmet demand (considering the system availability), maintenance, and purchase costs over a finite planning horizon. There is an annual budget limiting total expenditures for maintenance and replacement costs that limits the selection of component replacement schedules.",

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A component replacement model for electricity distribution systems

Abstract

All Science Journal Classification (ASJC) codes

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