2019
DOI: 10.1016/j.ifacol.2019.11.511
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Criticality Analysis for Network Utilities Asset Management

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Cited by 6 publications
(5 citation statements)
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“…In line with the foregoing discussions, Martínez-Gálán et al [5] explore failure consequences quantification in electrical network (E/N) systems establishing new concepts like loss exposure (LE) and social importance (SI). The above criteria take into account social factors like consumer satisfaction and the overall perception of the market in addition to functional loss-based cost.…”
Section: Literature Reviewmentioning
confidence: 91%
“…In line with the foregoing discussions, Martínez-Gálán et al [5] explore failure consequences quantification in electrical network (E/N) systems establishing new concepts like loss exposure (LE) and social importance (SI). The above criteria take into account social factors like consumer satisfaction and the overall perception of the market in addition to functional loss-based cost.…”
Section: Literature Reviewmentioning
confidence: 91%
“…Defining the criteria for the identification of critical assets is a challenging process, especially regarding internal and external interdependencies, and must be based on appropriate methodology [4]. Asset criticality definition (e.g., "critical infrastructure") has evolved over the years [5].…”
Section: Introductionmentioning
confidence: 99%
“…Numerous authors have continuously researched the criticality of organization assets. A study describes the core part of asset criticality analysis for Distribution Network Service Providers (DNSPs) [6]. The methodology is based on the risk-based evaluation of assets, considering the potential impacts of their failures on network value.…”
Section: Introductionmentioning
confidence: 99%
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“…There is also consensus throughout industry that criticality ranking and assigning these thoroughly considered risk ratings to assets benefits decision making and further improves the reliability and the predictability of maintenance procedures [39,40]. These methodologies are particularly evident in large industries such as the petrochemical industry [41,42] and the power sector [43,44], where failures or inadequate maintenance can lead to catastrophic failures. The underlying principles can be applied to scheduling maintenance of smaller-scale industrial assets, whereas they can also be effectively transferred and implemented as a measure of an asset's suitability for DR participation.…”
Section: Introductionmentioning
confidence: 99%