Abstract
This paper suggests a probabilistic method for the calculation of operation cost throughout a planning period and availability evaluation of substation components, in connection with planned maintenance activities. This method is conceived to provide lower operation cost, consisting of failure repair cost and maintenance cost, and higher availability of substation components. The method identifies minor and major failures. It is assumed that each component has two independent, competing failure modes: wear-out failure mode, modelled by a two-parameter Weibull distribution, and a chance failure mode, characterized by an exponential distribution. The application of the method suggested is demonstrated for a 145 kV air-blast circuit-breaker. By applying the method, influence of condition monitoring systems application on operation cost is evaluated. Also, because of comparison, expected operation cost in case of time-based maintenance performing is calculated.
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