Reliability based asset assessment in electrical distribution systems

Asset management (AM) is composed of distribution system activities that lead to realize the system administration targets based on the stakeholders' benefits and correspondingly satisfying them. In this paper, asset management structure is represented and employing the AM structure, asset management processes are proposed. Furthermore, corresponding revisory actions are represented based on distribution asset wastages in order to structure a novel reliability based asset assessment model. The proposed model has been applied in a real distribution company, which provides 1 million customers with their requisite electrical energy.