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dc.contributor.advisorGeorgia Perakis and Konstantin Turitsyn.en_US
dc.contributor.authorTuttman, Max (Max B.)en_US
dc.contributor.otherLeaders for Global Operations Program.en_US
dc.date.accessioned2018-09-17T15:51:35Z
dc.date.available2018-09-17T15:51:35Z
dc.date.copyright2018en_US
dc.date.issued2018en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/117959
dc.descriptionThesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, in conjunction with the Leaders for Global Operations Program at MIT, 2018.en_US
dc.descriptionThesis: S.M., Massachusetts Institute of Technology, Department of Mechanical Engineering, in conjunction with the Leaders for Global Operations Program at MIT, 2018.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (pages 67-68).en_US
dc.description.abstractThis thesis proposes methods to both estimate optimal aggregate investment levels for a system of transmission towers by means of an integrated corrosion and failure simulation as well as a method to identify specific assets in need of investment through a statistical model of structural health. Limited tower replacements over the past decade have resulted in an overall aging of PG&E's transmission system, leading to managerial concerns about potential increased maintenance and replacement costs going forward. The utility is seeking to be able to forecast its future needs despite a minimal history of asset failure. This work establishes long-term investment scenarios by simulating asset aging due to atmospheric corrosion and integrating those simulations with maintenance, replacement, and failure cost estimates. In addition, the aggregate investment forecasts are supplemented with an asset health ranking methodology that enables more targeted resource deployment. Implementation of the simulation based forecasting provides long-term spend estimates - on the order of many decades - and enables the production of sensitivity analyses based on underlying parameters grounded in physical system properties. This advances current industry spend forecasting which relies on qualitative risk assessments and past cost trends. Asset health indices generated from structural properties and environmental data are also shown to correctly rank a structure with a historic reported structural issue as at higher risk than a structure without a reported issue at a rate of 70%.en_US
dc.description.statementofresponsibilityby Max Tuttman.en_US
dc.format.extent68 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsMIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectSloan School of Management.en_US
dc.subjectMechanical Engineering.en_US
dc.subjectLeaders for Global Operations Program.en_US
dc.titleDevelopment of a sustainable transmission structure replacement and maintenance strategyen_US
dc.typeThesisen_US
dc.description.degreeM.B.A.en_US
dc.description.degreeS.M.en_US
dc.contributor.departmentLeaders for Global Operations Program at MITen_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Mechanical Engineering
dc.contributor.departmentSloan School of Management
dc.identifier.oclc1051237535en_US


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