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http://dx.doi.org/10.5370/KIEE.2011.60.11.1993

Analysis of Economic Life Cycle for Hydro-Generator Based on Annual Equivalent Cost Method  

Lee, Sung-Hun (한국수자원공사 K-water연구원)
Chang, Jeong-Ho (한국수자원공사 K-water연구원)
Kim, Jin-O (한양대학교 전기제어생체공학부)
Lee, Heung-Ho (충남대학교 전기공학과)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.60, no.11, 2011 , pp. 1993-1999 More about this Journal
Abstract
Today, the power utilities is setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Asset management may be defined as the process of maximizing corporate profit by maximizing performance and minimizing cost over the entire life cycle of power equipment. Therefore, asset management is great way to fulfill the economic investment and the stability of system performance. This paper presents the application of effective asset managem ent from an economic perspective. A proposed method is considering the life cycle analysis using life cycle cost methodology for hydro-generator during the total life cycle. The life cycle cost methodology include a way to calculating maintenance and operating costs. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.
Keywords
Asset management; Life cycle cost; Life cycle analysis; Annual equivalent cost method;
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