Network Design in Maintenance Inventories for Electric Utilities
Name
SCM39_Maen_Winters_Capstone.pdf
Size
670.77 KB
Format
Adobe PDF
Checksum (MD5)
fe783ee23694458ff02ff5407cdb1b6f
Author(s)
Maen, Jason Andrew
Winters, Nicholas Shiverick
Date Issued
June 10, 2022
Abstract
Within the electric distribution space maintaining a balanced inventory of spare parts forms a critical component of resiliency and restoration in the event of an outage. We find that leveraging network design provides an opportunity for utility companies to improve the effectiveness of the inventory they hold, enabling better service at a lower cost. For one regional utility company in the United States, an inventory reduction of 35% was found by adopting a hub and spoke model over a previous decentralized model. We believe that this observation can be extended to other companies with distributed assets, highly variable demand for inventory, long lead times, and a high cost of downtime.
Subjects
Network Design
Inventory Management
Risk Management
Terms of Use
CC0 1.0 Universal
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