Balancing spares investment to minimize revenue loss
Companies in most industries are struggling to balance the risk of operational downtime against the cost of stocking spare equipment. In the energy industry, this question is even more critical. Revenue losses and costs of transformer failures can be very high, while spare transformers are also very expensive.
Companies in most industries are struggling to balance the risk of operational downtime against the cost of stocking spare equipment. In the energy industry, this question is even more critical. Revenue losses and costs of transformer failures can be very high, while spare transformers are also very expensive.
Systecon's Magnus Andersson shows how OPUS10 can successfully be used to develop a spare transformer concept. The concept balances the loss of income associated with transformer failures against the investment costs in spare units. Furthermore, the case presented in this paper shows how the OPUS10 tool can be successfully employed to deliver fact-based results in cases where the systems have low failure frequencies.
Magnus Andersson, M.Sc. Energy System Engineering
Systecon AB. Stockholm, Sweden.
June 2019