Managing Risks in Electrical Infrastructure Assets from a Strategic Perspective

Should risks always be quantified before being managed? The answer is “yes” in the opinion of most asset managers in today’s electricity transmission and distribution companies, but “no” in modern theories of risk management. When the risks refer to reliability hazards of high-voltage assets, the answer to the above question is “yes, it should...

Life-cycle assessment of high-voltage assets using statistical tool

Nowadays, utilities are confronted with assets reaching or even exceeding their designed life. This in turn, implies the occurrence of upcoming replacements to assure reliable network operation. In this thesis, the application of statistical tools for life-time and residual life assessment of high-voltage assets installed in a power network is...