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Integrated Risk-Informed Asset Management for Commercial Nuclear Power Stations

[+] Author Affiliations
James K. Liming

ABS Consulting, Irvine, CA

Ernest J. Kee

STPNOC, Wadsworth, TX

Paper No. ICONE10-22033, pp. 19-27; 9 pages
doi:10.1115/ICONE10-22033
From:
  • 10th International Conference on Nuclear Engineering
  • 10th International Conference on Nuclear Engineering, Volume 2
  • Arlington, Virginia, USA, April 14–18, 2002
  • Conference Sponsors: Nuclear Engineering Division
  • ISBN: 0-7918-3596-0 | eISBN: 0-7918-3589-8
  • Copyright © 2002 by ASME

abstract

The objective of this paper is to provide electric utilities with a concept for preparing and implementing integrated risk-informed asset management (RIAM) programs for power stations and generating companies. RIAM is a process by which analysts review historical performance and develop predictive logic models and data analyses to predict critical decision support figures-of-merit (or metrics) for generating station managers and electric utility company executives. These metrics include, but are not limited to, the following: profitability, projected revenue, projected costs, asset value, safety (catastrophic facility damage frequency and consequences, etc.), power production availability (capacity factor, etc.), efficiency (heat rate), and others. RIAM applies probabilistic safety assessment (PSA) techniques and generates predictions probabilistically so that metrics information can be supplied to managers in terms of probability distributions as well as point estimates. This enables the managers to apply the concept of “confidence levels” in their critical decision-making processes.

Copyright © 2002 by ASME

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