2016 International Conference on Probabilistic Methods Applied to Power Systems, PMAPS 2016, Beijing, China, 16 - 20 October 2016
© 2016 IEEE.Restructured electric power industry has brought to necessity of minimizing the investment costs and optimizing the maintenance costs, while improving or at least keeping the existing reliability levels. Reliability centered asset management (RCAM) aims to maximize the return on investment by optimizing the maintenance tasks. RCAM studies involve the quantification of component and subcomponent criticality that will in turn dominate the component maintenance tasks. This study presents improved component criticality analysis to determine optimal component maintenance procedure for RCAM of power transmission system using Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) Method. The method is applied to Turkish National Power System RCAM studies.