Patent attributes
An asset management method for a substation in accordance with the present invention generates a unique reliability model for each element of the substation by comparing reliability of a reference reliability model for each substation type with a health index of the each element thereof generated based on state data and real-time monitoring data of the each element of the substation and compensating the reference reliability model for the each element of the substation; assessing system reliability index and economic feasibility for each maintenance scenario based on a reference system reliability model for each candidate element subject to maintenance among the elements of the substation; selecting a maintenance scenario as a result of the health index and the unique reliability model for the each element of the substation, the system reliability index, and the economic feasibility and updating the unique reliability model for the each element of the substation by executing maintenance.