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Infrastructure Asset Management was first adopted in 1980s for challenges faced by the utilities, road and rail transport systems, mining, process and manufacturing industries in asset life cycle value optimization. International standards ISO 55000 and PAS 55 were subsequently developed to provide a basis for a structured methodology in the development of Asset Management System. This methodology...
The emergence of smart grid technologies in terms of advanced communication infrastructure, embedded intelligence, diagnostics and monitoring capabilities offers new opportunities for improved transmission asset management strategies (TAMS). Accordingly, power system operators are currently looking for analytics that can make use of transmission asset condition monitors and data already available...
Risk analysis is becoming actually an important part of asset management of power systems. The paper presents the simple but reliable method for risk management of power system carried out for an urban 10 kV network located in Germany. The basis of the method is the indication of risks by Value at Risk index according to Loss Distribution Approach developed by the insurance and financial industry...
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