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System dynamics modelling: application to electricity transmission network asset management

Crisp, Jennifer & Birtwhistle, David (2005) System dynamics modelling: application to electricity transmission network asset management. Australian Journal of Electrical & Electronics Engineering, 2(3), pp. 263-272.

Abstract

A system dynamics model is presented linking ageing and condition degradation processes, for assets with characteristics typical of electricity transmission equipment. Integration of age and condition permits examination of the effect of various maintenance and replacement scenarios on equipment failure rate, asset population, age and condition. The model is extended to include financial performance using the revenue calculation method currently applied to Australian Transmission Network Service Providers. The paper also discusses variation of the model to account for characteristics of particular types of plant.

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ID Code: 10703
Item Type: Journal Article
Additional Information: For more information, please refer to the journal’s website (see hypertext link) or contact the author.
Additional URLs:
ISSN: 1448-8353
Divisions: Current > QUT Faculties and Divisions > Division of Administrative Services
Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2005 Engineers Media for Engineers Australia
Deposited On: 13 Nov 2007
Last Modified: 29 Feb 2012 23:28

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