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Value-based asset management decisions: analyses of empirical data for prioritization of investments in electricity networks

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Electricity networks are long-lived engineered assets. Decisions to expand a network, or to decommission and dispose of existing equipment must contend with technology changes, safety and technical integrity, and consumer demand vagaries. Evolutions in technology, industrial development needs, and rapid urbanization exacerbate the management of assets that have high socio-economic impact. By analyzing empirical data on electricity networks, this paper proposes the value principle as the basis for multi-dimensional condition assessment and multicriteria prioritization of investment decisions in a case study utility.

Speaker Profile: Joe Amadi-Echendu earned BS and MS degrees in Electrical and Electronic Engineering from University of Wyoming, USA , and DPhil in Control Engineering from University of Sussex, UK. Dr Joe currently serves as a Professor of Engineering and Technology Management at University of Pretoria, Republic of South Africa. He is the founding Director of the Institute of Engineering, Technology and Innovation Management at University of Port Harcourt in Nigeria. Prof Amadi-Echendu commenced his career as an apprentice maintenance technician at a tyre manufacturing plant, and his expertise is underpinned by his doctoral research in digital signal processing, condition monitoring and diagnostic engineering management of physical plants and processes. He has over 12 years industry work experience, as well as 20+ years academic experience in USA , UK, Nigeria and South Africa. His extensive experience and interests cover the broad fields of engineering and technology management with particular emphasis on the management of intellectual assets, engineering technologies, plant, equipment and infrastructure assets. While working in industry, Dr Joe primarily implemented “operational readiness” programmes for green field capital development projects in petrochemical and mining sectors. His current teaching and research activities are focused on engineering asset management and technology commercialisation, as well as supervision, mentoring and coaching to all grades of students and technology-based business start-ups. Prof Amadi-Echendu has published over 150 articles in journals and accredited international conference proceedings. Joe’s involvement in community development, professional and scholarly activities has been recognised through many local, national and international awards such as best paper, distinguished service, excellence, and leadership awards. Joe is registered as a professional engineer in both the UK and South Africa. He continues to provide consulting advice and training to both private business and public sector organisations. In addition to external examination of master and doctoral degree dissertations at local and overseas institutions, and review of manuscripts for a number of journals, Prof Amadi-Echendu’s concurrent roles and scholarly activities include; (i) editor-in-chief for Springer’s Engineering Asset Management Review Series, ii) founding fellow, board member and director of International Society of Engineering Asset Management (ISEAM), iii) member of board of directors of the International Association for the Management of Technology (IAMOT), iv) member of technical panels of long standing international conferences namely, COMADEM , IAMOT, PICMET , and WCEAM , and v) ‘Experienced Researcher’, EU grant funded H2020 -MSCA-RISE Sustain Owner Project 645733.

This talk is part of the DIAL seminars series.

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