Case-oriented Paper
Journal of the Operational Research Society (2001) 52, 125–134. doi:10.1057/palgrave.jors.2601044
A risk management model for improving operation and maintenance activities in electricity transmission networks
- 1Eastern Michigan University, USA
- 2China Light & Power Company, Hong Kong
Correspondence: V M Rao Tummala, Professor of Production/Operations Management, 412 Owen, College of Business, Eastern Michigan University, Ypsilanti, MI 48197, USA. E-mail: rao.tummala@emich.edu
Received April 1999; Accepted June 2000.
Abstract
In this paper, we formulate a risk management model for improving operation and maintenance activities in electricity transmission. The model is based on the five core elements of risk identification, risk measurement, risk assessment, risk evaluation, risk control, and risk monitoring and is applied to an actual case study of improving equipment availability of an electricity transmission network through proper operation and maintenance of 440 kV switchgear. We find that the model can be applied effectively in identifying and assessing potential risks and developing appropriate corrective actions to contain and control the identified risks efficiently.
Keywords:
asset management, risk management, electricity networks, transmission, operation and maintenance
