Abstract
Performance-based contracting (PBC) is reshaping the acquisition, operation, and maintenance of capital equipment. Under the PBC scheme, we propose a holistic approach for lowering the cost of wind turbine ownership while meeting the availability requirement. Our effects are focused on integrated firms who design and market wind turbines, and also provide maintenance and repair service. PBC differs from conventional service contracts in that the wind farmers compensate the service provider for the system performance, not the spare parts and repair labor. We explore the analytical relationship between system cost, reliability and spare parts stocking. This analytical insight into the system performance allows the turbine manufacturer to optimize design, production, and after-sales services. The study aims to create a theoretical basis to facilitate the transition of the maintenance paradigm from a material-based contract to a performance-based contract in the power industry.
| Original language | English |
|---|---|
| Title of host publication | IEEE Power & Energy Society General Meeting |
| Number of pages | 6 |
| Publisher | IEEE |
| Publication date | 2012 |
| ISBN (Print) | 978-1-4673-2727-5 |
| DOIs | |
| Publication status | Published - 2012 |
| Event | 2012 IEEE Power and Energy Society General Meeting - Manchester Grand Hyatt, San Diego, United States Duration: 22 Jul 2012 → 26 Jul 2012 http://pes-gm.org/2012/ https://ieeexplore.ieee.org/xpl/conhome/6330648/proceeding |
Conference
| Conference | 2012 IEEE Power and Energy Society General Meeting |
|---|---|
| Location | Manchester Grand Hyatt |
| Country/Territory | United States |
| City | San Diego |
| Period | 22/07/2012 → 26/07/2012 |
| Internet address |
Keywords
- Asset Management
- Lifecycle cost analysis
- Performance-based maintenance
- Reliability optimization
- Service parts logistics
- Wind power generation