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Life cycle management on the operation of 400 MW power generation
Yusni A.a, Nugraha H.b, Sinisuka N.I.a
a School of Electrical Engineering and Informatics, Bandung Institute of Technology, Bandung, 40166, Indonesia
b PTPerusahaan Listrik Negara (Persero), Jakarta, 12760, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2018 IEEE.The purpose of this paper is to study the Life Cycle Management (LCM) on the operation of 400 MW Coal Fired Power Plant (CFPP). LCM is an effort by an asset manager to improve the condition of an asset in the middle life of CFPP in order to achieve the optimum value of an asset so that it is expected to meet the desired target. The value referred to in the research is an aspect formed by revenue and mid-life refurbishment cost that is influenced by factors such as safety, reliability, cost, and market price of electricity. In order to make the best decision in the middle of the operating period, a new methodology from LCM analysts is proposed by involving Life Cycle Cost (LCC) analysis. LCC analysis begins with developing failure rates and cost data followed by performance and cost assessment of several alternatives to obtain the most optimum alternative. The costs referred to LCC analysis consist of deterministic costs (mid-life refurbishment costs) and probabilistic costs (damage costs, repair costs, spare parts, lost gross margin) affected by failure rates. By involving LCC analysis in LCM analysis, the project costs and asset involved in LCM analysis can be estimated to find the best management strategies alternative of CFPP based on performance achievement that are represented in several graphs related to cost and reliability. LCC analysis can be involved in LCM analysis to assess effective management programs through the best alternative choices that meet the optimum value for safety, reliability and cost.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Coal-fired power plant,Cost and benefits,Effective management,Life cycle cost analysis,Life-cycle management,Lifecycle costs,Management strategies,Optimum Plant Value[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Cost and Benefit,Life Cycle Cost,Life Cycle Management,Optimum Plant Value[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text]https://doi.org/10.1109/ICOIACT.2018.8350769[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]