Optimization of Asset Planning

HydroVantage—a capital investment and maintenance planning decision support software package—helps executives, engineers and planners to evaluate equipment intervention schemes, optimize their investment timing and prioritize capital expenditure spending. It is the first risk-based asset management software designed for the hydropower industry.

HydroVantage Benefits:

• Customer experience shows that HydroVantage can:
• create Capital Expenditure savings in the order of 15-35 % through optimized and often deferred investment
• reduce failure risks
• increase revenues through improvements in equipment conditions
• increase reliability through reduced downtime
• minimize life cycle cost of equipment
• reduce judgment bias traditionally associated with capital expenditure planning

HydroVantage can be used to:

• develop capital expenditure plans for hydro power stations
• analyze and compare investment strategies, including:
  • equipment rehabilitation and upgrades
  • equipment replacement
  • purchase of spare parts
  • installation of monitoring equipment
• assess the cost-effectiveness of preventive maintenance plans
• determine single or multiple component life cycle strategies
• study specific risk-exposure situations
• undertake deferred investment analyses.

HydroVantage is unique in the market place because:

• it takes into account the costs associated with the risk of equipment failures along with maintenance costs, capital costs and associated benefits
  
• it controls the judgment bias traditionally associated with capital expenditure planning.
  
• it is available through the internet. HydroVantage has been financially supported by CANARIE E-business Program.