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Optimizing Distribution Systems In Asset Management
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Book Synopsis Optimizing Distribution Systems in Asset Management by : Philipp Caspar Koch
Download or read book Optimizing Distribution Systems in Asset Management written by Philipp Caspar Koch and published by Springer Science & Business Media. This book was released on 2008-09-25 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Philipp Caspar Koch is making the attempt to outline with a model-shaping intent the way in which a deliberate choice and design of varying “institutional arrangements" is likely to operate as a device for optimizing net inflows from private investors.
Book Synopsis Cases on Optimizing the Asset Management Process by : González-Prida, Vicente
Download or read book Cases on Optimizing the Asset Management Process written by González-Prida, Vicente and published by IGI Global. This book was released on 2021-10-15 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is critical to improve the asset management system implementation as well as economics and industrial decision making to ensure that a business may move smoothly internally. Maintenance management should be aligned to the activities of maintenance in accordance with key business strategies, which must be designed under the comprehensive approach of an asset management process. After transforming the priorities of the business into priorities of maintenance, maintenance managers will use their medium-team strategies to tackle potential weaknesses in the maintenance of the equipment in accordance with these objectives. Cases on Optimizing the Asset Management Process explains and summarizes the processes and the reference frame necessary for the implementation of the Maintenance Management Model (MMM). This book acts as an overview of the current state of the art in asset management, providing innovative tools and practices from the fourth industrial revolution. Presenting topics like criticality analysis, physical asset maintenance, and unified modelling language, this text is essential for industrial and manufacturing engineers, plant supervisors, academicians, researchers, advanced-level students, technology developers, and managers who make decisions in this field.
Book Synopsis Infrastructure Asset Management with Power System Applications by : Lina Bertling Tjernberg
Download or read book Infrastructure Asset Management with Power System Applications written by Lina Bertling Tjernberg and published by CRC Press. This book was released on 2018-03-29 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure Asset Management with Power System Applications is about infrastructure asset management, which can be expressed as the combination of management, financial, economic, and engineering, applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes management of the whole lifecycle of a physical asset from design, construction, commission, operation, maintenance, modification, decommissioning, and disposal. It covers budget issues and focuses on asset management of an infrastructure for energy—i.e., the electric power system. Features Offers a comprehensive reference book providing definitions, terminology, and basic theories as well as a comprehensive set of examples from a wide range of applications for the electric power system and its components. Spans a wide range of applications for the electric power system area, including real data and pictures. Contains results from recently published research and application studies. Includes a wide range of application examples for the electric power systems area from hydro, nuclear, and wind, plus shows future trends. Contributes to the overall goals of developing a sustainable energy system by providing methods and tools for a resource efficient use of physical assets in the electric power system area.
Book Synopsis Deterioration and Optimal Rehabilitation Modelling for Urban Water Distribution Systems by : Yi Zhou
Download or read book Deterioration and Optimal Rehabilitation Modelling for Urban Water Distribution Systems written by Yi Zhou and published by CRC Press. This book was released on 2018-05-03 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pipe failures in water distribution systems can have a serious impact and hence it’s important to maintain the condition and integrity of the distribution system. This book presents a whole-life cost optimisation model for the rehabilitation of water distribution systems. It combines a pipe breakage number prediction model with a pipe criticality assessment model, which enables the creation of a well-constructed and more tightly constrained optimisation model. The pipe breakage number prediction model combines information on the physical characteristics of the pipes with historical information on breakage and failure rates. A weighted multiple nonlinear regression analysis is applied to describe the condition of different pipe groups. The criticality assessment model combines a pipe’s condition with its hydraulic significance through a modified TOPSIS. This model enables the optimisation to focus its efforts on those important pipes. The whole life cost optimal rehabilitation model is a multiple-objective and multiple-stage model, which provides a suite of rehabilitation decisions that minimise the whole life cost while maximising its long-term performance. The optimisation model is solved using a modified NSGA-II. The utility of the developed models is that it allows decision makers to prioritize their rehabilitation strategy in a proactive and cost-effective manner.
Book Synopsis Reliability Analysis and Asset Management Applied to Power Distribution by : Carl Johan Wallnerström
Download or read book Reliability Analysis and Asset Management Applied to Power Distribution written by Carl Johan Wallnerström and published by Patrik Hilber. This book was released on 2014-03-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are becoming more and more dependent on reliable distribution of electricity. The demand for cost efficiency has at the same time increased since new incentives have appeared. This book presents methods for finding a balance between the aims of high reliability and cost effectiveness. A key aspect is to evaluate the impacts of outages and the benefits of risk reducing investments. Put in a wider context, this is asset management, which can be summarized as the art of finding a balance between risk, cost and performance. This book is built on the experience of a wide number of case studies of different reliability projects and is focused on applicable tools for the reader. Basically the book gathers the most important parts of the asset management process into one place.
Book Synopsis Global Asset Management by : M. Pinedo
Download or read book Global Asset Management written by M. Pinedo and published by Springer. This book was released on 2013-08-29 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on specific industry developments, and breadth for specialists interested in the dynamics of the industry.
Book Synopsis Strategic Asset Management of Water Supply and Wastewater Infrastructures by : Helena Alegre
Download or read book Strategic Asset Management of Water Supply and Wastewater Infrastructures written by Helena Alegre and published by IWA Publishing. This book was released on 2009-09-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water and Wastewater companies operating all around the world have faced rising asset management and replacement costs, often to levels that are financially unsustainable. Management of investment needs, while meeting regulatory and other goals, has required: A better understanding of what customers demand from the services they pay for, and the extent to which they are willing to pay for improvements or be compensated for a reduction in performance Development of models to predict asset failure and to identify and concentrate investment on critical assets Improved management systems Improved accounting for costs and benefits and their incorporation within an appropriate cost-benefit framework Incorporation of risk management techniques Utilisation of advanced maintenance techniques including new rehabilitation failure detection technologies Enhancements in pipeline materials, technologies and laying techniques. These papers developed from LESAM 2007 for inclusion in Strategic Asset Management of Water Supply and Wastewater Infrastructures are focused on the techniques, technologies and management approaches aiming at optimising the investment in infrastructure while achieving demanded customer service standards, and they provide an opportunity to gain access to the latest discussion and developments at the leading-edge in this field. This book will be essential reading for utility operators and managers, regulators and consultants.
Book Synopsis Metaheuristics and Optimization in Civil Engineering by : Xin-She Yang
Download or read book Metaheuristics and Optimization in Civil Engineering written by Xin-She Yang and published by Springer. This book was released on 2015-12-10 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book deals with a current topic, i.e. the applications of metaheuristic algorithms, with a primary focus on optimization problems in civil engineering. The first chapter offers a concise overview of different kinds of metaheuristic algorithms, explaining their advantages in solving complex engineering problems that cannot be effectively tackled by traditional methods, and citing the most important works for further reading. The remaining chapters report on advanced studies on the applications of certain metaheuristic algorithms to specific engineering problems. Genetic algorithm, bat algorithm, cuckoo search, harmony search and simulated annealing are just some of the methods presented and discussed step by step in real-application contexts, in which they are often used in combination with each other. Thanks to its synthetic yet meticulous and practice-oriented approach, the book is a perfect guide for graduate students, researchers and professionals willing to applying metaheuristic algorithms in civil engineering and other related engineering fields, such as mechanical, transport and geotechnical engineering. It is also a valuable aid for both lectures and advanced engineering students.
Book Synopsis Smart Grid Planning and Implementation by : P.E. Gellings
Download or read book Smart Grid Planning and Implementation written by P.E. Gellings and published by CRC Press. This book was released on 2020-12-22 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended for electric utility managers, directors, and power system planners, regulators, and policy makers interested in the steps needed to realize the value of a modern power delivery system. This book describes the elements needed in planning and implementing a "Smart Grid" by outlining how the electricity delivery system can be modernized so it monitors, protects, and automatically optimizes the operation of its interconnected elements—from the central and distributed generator through the high-voltage network and distribution system, to energy storage installations and to end-use consumers and their thermostats, electric vehicles, appliances, and other household devices. This comprehensive guide highlights emerging concepts of cyber and physical security, resiliency, and the newest architecture—"The Integrated Grid." You’ll gain an understanding of how a two-way flow of electricity and information can be used to create an automated, widely distributed energy delivery network.
Book Synopsis Ant Colony Optimization by : Avi Ostfeld
Download or read book Ant Colony Optimization written by Avi Ostfeld and published by BoD – Books on Demand. This book was released on 2011-02-04 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ants communicate information by leaving pheromone tracks. A moving ant leaves, in varying quantities, some pheromone on the ground to mark its way. While an isolated ant moves essentially at random, an ant encountering a previously laid trail is able to detect it and decide with high probability to follow it, thus reinforcing the track with its own pheromone. The collective behavior that emerges is thus a positive feedback: where the more the ants following a track, the more attractive that track becomes for being followed; thus the probability with which an ant chooses a path increases with the number of ants that previously chose the same path. This elementary ant's behavior inspired the development of ant colony optimization by Marco Dorigo in 1992, constructing a meta-heuristic stochastic combinatorial computational methodology belonging to a family of related meta-heuristic methods such as simulated annealing, Tabu search and genetic algorithms. This book covers in twenty chapters state of the art methods and applications of utilizing ant colony optimization algorithms. New methods and theory such as multi colony ant algorithm based upon a new pheromone arithmetic crossover and a repulsive operator, new findings on ant colony convergence, and a diversity of engineering and science applications from transportation, water resources, electrical and computer science disciplines are presented.
Book Synopsis Electrical Generation and Distribution Systems and Power Quality Disturbances by : Gregorio Romero
Download or read book Electrical Generation and Distribution Systems and Power Quality Disturbances written by Gregorio Romero and published by BoD – Books on Demand. This book was released on 2011-11-21 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The utilization of renewable energy sources such as wind energy, or solar energy, among others, is currently of greater interest. Nevertheless, since their availability is arbitrary and unstable this can lead to frequency variation, to grid instability and to a total or partial loss of load power supply, being not appropriate sources to be directly connected to the main utility grid. Additionally, the presence of a static converter as output interface of the generating plants introduces voltage and current harmonics into the electrical system that negatively affect system power quality. By integrating distributed power generation systems closed to the loads in the electric grid, we can eliminate the need to transfer energy over long distances through the electric grid. In this book the reader will be introduced to different power generation and distribution systems with an analysis of some types of existing disturbances and a study of different industrial applications such as battery charges.
Book Synopsis Asset Management for Infrastructure Systems by : Gerd Balzer
Download or read book Asset Management for Infrastructure Systems written by Gerd Balzer and published by Springer Nature. This book was released on 2022-02-16 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand, asset owners expect suitable interests from their investment and business growth; on the other hand, regulators focus more on a reliable and cost-effective customer supply. This book shows how to take into consideration these different perspectives in the process of designing new structures, and how to guarantee organizational transparency. It describes essential principles and boundary conditions for ensuring the optimal use of resources in a network, covering issues relating to equipment service life, IT landscape and computer programs, operational costs management, and investment and maintenance strategies, highlighting their impact on the organization of the company. This thoroughly revised and updated second edition, includes extensive information about IEC standard (IEC/TS 63060), and cover operation research methods focusing on the optimization of the maintenance tasks. Furthermore, a discussion on the political environment has been included, with a special emphasis on the European situation and the “Green Deal”: specifically, some measures to cope with the topic of energy transition are presented. Last, but not least, a brand-new chapter on condition assessment has been included.
Book Synopsis Planning Sustainable Cities by : Spiro N. Pollalis
Download or read book Planning Sustainable Cities written by Spiro N. Pollalis and published by Routledge. This book was released on 2016-05-20 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Planning Sustainable Cities: An infrastructure-based approach provides an analytical framework for urban sustainability, focusing on the services and performance of infrastructure systems. The book approaches infrastructure as a series of systems that function in synergy and are directly linked with urban planning. This method streamlines and guides the planning process, while still highlighting detail, each infrastructure system is decoded in four "system levels". The levels organize the processes, highlight connections between entities and decode the high-level planning and decision making process affecting infrastructure. For each system level strategic objectives of planning are determined. The objectives correspond to the five focus areas of the Zofnass program: Quality of life, Natural World, Climate and Risk, Resource Allocation, Leadership. Developed through the Zofnass Program at the Harvard Graduate School of Design, this approach integrates the key infrastructure systems of Energy, Landscape, Transportation, Waste, Water, Information and Food and explores their synergies through land use planning, engineering, economics and policy. The size and complexity of infrastructure systems means that multiple stakeholders facing their own challenges and agendas are involved in planning; this book creates a common, collaborative platform between public authorities, planners, and engineers. It is an essential resource for those seeking Envision Sustainability Professionals accreditation.
Book Synopsis Advanced Hydroinformatic Techniques for the Simulation and Analysis of Water Supply and Distribution Systems by : Manuel Herrera
Download or read book Advanced Hydroinformatic Techniques for the Simulation and Analysis of Water Supply and Distribution Systems written by Manuel Herrera and published by MDPI. This book was released on 2018-07-19 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue "Advanced Hydroinformatic Techniques for the Simulation and Analysis of Water Supply and Distribution Systems" that was published in Water
Book Synopsis Reliability, Risk, and Safety, Three Volume Set by : Radim Bris
Download or read book Reliability, Risk, and Safety, Three Volume Set written by Radim Bris and published by CRC Press. This book was released on 2009-08-20 with total page 2480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Containing papers presented at the 18th European Safety and Reliability Conference (Esrel 2009) in Prague, Czech Republic, September 2009, Reliability, Risk and Safety Theory and Applications will be of interest for academics and professionals working in a wide range of industrial and governmental sectors, including Aeronautics and Aerospace, Aut
Book Synopsis Water Supply System Analysis by : Avi Ostfeld
Download or read book Water Supply System Analysis written by Avi Ostfeld and published by BoD – Books on Demand. This book was released on 2012-12-12 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: A water supply system is an interconnected collection of sources, pipes, and hydraulic control elements delivering consumers prescribed water quantities at desired pressures and water qualities. This book incorporates selected topics on theory, revision, and practical application models for water supply systems analysis, including: guidelines for transient analysis, sustainable management of regional water supply systems, infrastructure asset management, optimal pump scheduling, demand uncertainty, errors in water meter measuring, and indicators for water mains rehabilitation.
Book Synopsis Efficient Asset Management by : Richard O. Michaud
Download or read book Efficient Asset Management written by Richard O. Michaud and published by Oxford University Press. This book was released on 2008-03-03 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management.
