NDLI: Life-cycle maintenance management of generating units in a competitive environment

Content Provider	IEEE Xplore Digital Library
Author	Chattopadhyay, D.
Copyright Year	1969
Abstract	Preventive maintenance of generation assets in a market environment is often subject to a more stringent financial scrutiny as compared to the regulated regime. Gencos have to strike a balance between maintenance costs and foregone profits in the short-term vis-a/spl grave/-vis permanent performance degradation of the assets in the longer run. The present work lays an analytic foundation to assess the maintenance needs in a competitive environment. A stochastic optimization model is proposed that considers the trade-off among short and long-term objectives to determine the optimal maintenance profile for generating units over the life of the assets. The model recognizes the driver of generation and maintenance decisions in a competitive electricity markets namely, spot and contractual revenue, and the technical drivers, such as heat rate degradation, capacity de-rating, and increased risk of forced outages. It is expected that the modeling framework will prove to be a useful analytic first step toward addressing the life-cycle maintenance issues in an electricity market.
Sponsorship	IEEE Power Engineering Society
Starting Page	1181
Ending Page	1189
Page Count	9
File Size	273370
File Format	PDF
ISSN	08858950
Volume Number	19
Issue Number	2
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2004-05-01
Publisher Place	U.S.A.
Access Restriction	One Nation One Subscription (ONOS)
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Environmental management Degradation Electricity supply industry Maintenance Timing Stochastic processes Environmental economics Retirement Productivity Costs
Content Type	Text
Resource Type	Article
Subject	Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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