Economic evaluation of industrial power-system reliability

journal article
Published by Institute of Electrical and Electronics Engineers (IEEE) in Transactions of the American Institute of Electrical Engineers, Part II: Applications and Industry

Vol. 76 (5), 264-272
https://doi.org/10.1109/tai.1957.6367239

Abstract

IN THE DESIGN of an industrial plant, it is the function of the electrical engineer to determine what type of power system is required. This paper describes methods for the analysis of the relative reliability of different types of industrial power systems and the economic evaluation of the improvement in reliability which results with alternative types of systems. From this, the incremental investment that can be justified can be determined.

Keywords

INVESTMENTS
EQUATIONS
RELIABILITY
MATHEMATICAL MODEL
POWER SYSTEM RELIABILITY
FINANCE
MAINTENANCE ENGINEERING

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