Asset Details
Do you wish to reserve the book?
Integrating Digitalization and Asset Health Index for Strategic Life Cycle Cost Analysis of Power Converters
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Integrating Digitalization and Asset Health Index for Strategic Life Cycle Cost Analysis of Power Converters
Do you wish to request the book?
Integrating Digitalization and Asset Health Index for Strategic Life Cycle Cost Analysis of Power Converters
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Integrating Digitalization and Asset Health Index for Strategic Life Cycle Cost Analysis of Power Converters
2024
Overview
In the context of energy storage systems, optimizing the life cycle of power converters is crucial for reducing costs, making informed decisions, and ensuring sustainability. This study presents a comprehensive methodology for calculating the life cycle cost (LCC) of power converters, employing a nine-step process that integrates digitalization, Internet of Things (IoT) technologies, and the Asset Health Index (AHI). The methodology adapts the Woodward model to provide a detailed cost analysis, encompassing the acquisition, operation, maintenance, and end-of-life phases. Our findings reveal significant insights into asset management, highlighting the importance of preventive and major maintenance in controlling failure rates and extending asset life. This study concludes that adopting sustainable business models and leveraging advanced technologies can enhance the reliability and maintainability of power converters, ultimately leading to more competitive and environmentally friendly energy storage solutions.
