Benefit and risk analysis of an automatic meter reading system for electricité du Liban
This paper summarizes the benefit and risk analysis of a study for modernizing the electricity metering, billing and revenue collection systems for ´Electricit´e du Liban, the national power company of Lebanon. A cost/benefit analysis of the modernized system shows that the system has a payback period...
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| Format: | article |
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2012
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| Online Access: | http://hdl.handle.net/10725/5557 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.actapress.com/Abstract.aspx?paperId=42765 |
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| _version_ | 1864513465877528576 |
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| author | Ghajar, Raymond F. |
| author_facet | Ghajar, Raymond F. |
| author_role | author |
| dc.creator.none.fl_str_mv | Ghajar, Raymond F. |
| dc.date.none.fl_str_mv | 2012 2017-04-28T08:25:23Z 2017-04-28T08:25:23Z 2017-04-28 |
| dc.identifier.none.fl_str_mv | 1710-2243 http://hdl.handle.net/10725/5557 10.2316/Journal.203.2012.1.203-3654 Ghajar, R. F. (2012). Benefit and Risk Analysis of an Automatic Meter Reading System for Électricité du Liban. International Journal of Power and Energy Systems, 32(1), 1. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.actapress.com/Abstract.aspx?paperId=42765 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | International Journal of Power and Energy Systems |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This paper summarizes the benefit and risk analysis of a study for modernizing the electricity metering, billing and revenue collection systems for ´Electricit´e du Liban, the national power company of Lebanon. A cost/benefit analysis of the modernized system shows that the system has a payback period of 3.05 years. Like all economic evaluations, there are uncertainties associated with the estimated costs and benefits which could increase the value of the payback period. The purpose of this paper is to identify the im- portant risks and other uncertainties that could affect the economic feasibility of the project and assess the potential impacts of these uncertainties. To achieve this objective, a Monte-Carlo type analysis is employed and a distribution of the expected payback period is determined. The benefits are modelled in two ways, using triangular and uniform distributions, while the costs are modelled using uni- form distributions only. The choice of triangular distribution shows confidence in the initial estimates whereas using a uniform distri- bution implies that the variables could deviate substantially from the initial estimates. The payback period determined from both models is around 3 years (3.18 years when all input variables are modelled using uniform distributions, and 3.12 years when uniform distributions are used for costs and triangular distributions are used for benefits) with a maximum range of 2.2–4.7 years. The results of the risk analysis also indicate that the benefits from an aggressive revenue recovery process (identifying and reducing fraud and theft) have the most influence on reducing the project payback period. In summary, this paper shows that the proposed modernization project is economically feasible. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_28f8d0cd725afe7a6df6053a9134e2af |
| identifier_str_mv | 1710-2243 10.2316/Journal.203.2012.1.203-3654 Ghajar, R. F. (2012). Benefit and Risk Analysis of an Automatic Meter Reading System for Électricité du Liban. International Journal of Power and Energy Systems, 32(1), 1. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/5557 |
| publishDate | 2012 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Benefit and risk analysis of an automatic meter reading system for electricité du LibanGhajar, Raymond F.This paper summarizes the benefit and risk analysis of a study for modernizing the electricity metering, billing and revenue collection systems for ´Electricit´e du Liban, the national power company of Lebanon. A cost/benefit analysis of the modernized system shows that the system has a payback period of 3.05 years. Like all economic evaluations, there are uncertainties associated with the estimated costs and benefits which could increase the value of the payback period. The purpose of this paper is to identify the im- portant risks and other uncertainties that could affect the economic feasibility of the project and assess the potential impacts of these uncertainties. To achieve this objective, a Monte-Carlo type analysis is employed and a distribution of the expected payback period is determined. The benefits are modelled in two ways, using triangular and uniform distributions, while the costs are modelled using uni- form distributions only. The choice of triangular distribution shows confidence in the initial estimates whereas using a uniform distri- bution implies that the variables could deviate substantially from the initial estimates. The payback period determined from both models is around 3 years (3.18 years when all input variables are modelled using uniform distributions, and 3.12 years when uniform distributions are used for costs and triangular distributions are used for benefits) with a maximum range of 2.2–4.7 years. The results of the risk analysis also indicate that the benefits from an aggressive revenue recovery process (identifying and reducing fraud and theft) have the most influence on reducing the project payback period. In summary, this paper shows that the proposed modernization project is economically feasible.PublishedN/A2017-04-28T08:25:23Z2017-04-28T08:25:23Z20122017-04-28Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1710-2243http://hdl.handle.net/10725/555710.2316/Journal.203.2012.1.203-3654Ghajar, R. F. (2012). Benefit and Risk Analysis of an Automatic Meter Reading System for Électricité du Liban. International Journal of Power and Energy Systems, 32(1), 1.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttp://www.actapress.com/Abstract.aspx?paperId=42765enInternational Journal of Power and Energy Systemsinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/55572021-03-19T10:00:51Z |
| spellingShingle | Benefit and risk analysis of an automatic meter reading system for electricité du Liban Ghajar, Raymond F. |
| status_str | publishedVersion |
| title | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| title_full | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| title_fullStr | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| title_full_unstemmed | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| title_short | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| title_sort | Benefit and risk analysis of an automatic meter reading system for electricité du Liban |
| url | http://hdl.handle.net/10725/5557 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.actapress.com/Abstract.aspx?paperId=42765 |