Individual Assignment Week 3 Paper

Individual Assignment Week 3 Paper - Risk Measurement...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Risk Measurement Techniques Paper The risk measurement techniques that I will discuss in this paper are Delphi, and Hazard and Operability Study (HAZOP) of the qualitative measurement, and Value Engineering of the quantitative measurement of a utility company. The deregulation of general electricity amount has headed to a figure of deviations and new meets for the electricity utility industry and the fair suppliers. The urgency to form utility companies in the United States have dwindled nonetheless several energy companies face major debt. Transformers play a big part for utility companies capital spending and it is at its lowest level in decades. Power consumption is increasing about two percent a year and increased equipment utilizations is submitting capital outflows and compact maintenance overheads are encounters for hazard development leaders to measure the risks. Risk valuation of transformers lifespan and the procedures employed to establish the circumstance and resolve on helpful acts has being researched by establishments such as Institute of Electrical and Electronics Engineers Transformer Committee (Bartley, 1997). One way the committee measure the risks is Delphi technique. The Delphi technique is according to online dictionary is “forecasting or decision-making
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/20/2011 for the course ECON 415 taught by Professor Smith during the Spring '11 term at Cedar Crest.

Page1 / 4

Individual Assignment Week 3 Paper - Risk Measurement...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online