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Maintenance cost models in deregulated power systems under opportunity costs.
Al-Arfaj, Khalid A. Dahal, Keshav P. Azaiez, M.N.
Al-Arfaj, Khalid A.
Dahal, Keshav P.
Azaiez, M.N.
Publication Date
2007
End of Embargo
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© 2007 IASTED and ACTA Press. Reproduced in accordance with the publisher's self-archiving policy.
Peer-Reviewed
Yes
Open Access status
Accepted for publication
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Additional title
Abstract
Maintenance costs in deregulated power systems play an important
role. This mainly includes direct costs associated with material and
labor costs; and indirect costs associated with spare parts inventory,
shipment, test equipment cost, indirect labor, and opportunity costs.
The cost function is used as the sole or main component of the
objective function in maintenance scheduling and planning
activities. The cost has been modeled in literature with several
representations for centralized power systems. With deregulation of
power industries in many countries the costs representation to be
used within the maintenance model in the decentralized power
systems has become an important research question. This paper
presents modeling of different components of maintenance costs that
can be used within the main objective function of the maintenance
scheduling and planning problem for the deregulated environment.
Version
Accepted Manuscript
Citation
Al-Arfaj, K., Dahal, K. P. and Azaiez, M. N. (2007) Maintenance cost models in deregulated power systems under opportunity costs. In: Proceedings of the 7th IASTED International Conference on Power and Energy Systems (EuroPES), Palma De Mallorca, Spain.
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Type
Conference paper