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Benefit Cost Analysis for Renewal Planning of Existing Electric Power Equipment

In: Modeling Spatial and Economic Impacts of Disasters

Author

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  • Yoshiharu Shumuta

    (Central Research Institute of Electric Power Industry)

Abstract

Recent earthquake disasters have caused major damage to electric power systems, leading to significant economic disruption. For example, the restoration expenditure of the electric power facilities due to the 1995 Hyogoken-Nanbu Earthquake amounted to no less than 226 billion yen (Kansai Electric Power Company, 1995). This expenditure would be equivalent to about 58% of the total maintenance cost (about 390 billion yen) of the Kansai Electric Power Company in the 1994 fiscal year (The Federation of Electric Power Companies Japan, 1996). Particularly, most of the damage by the 1995 Hyogoken-Nanbu earthquake was concentrated on existing old equipment, which did not meet the present seismic design standard. Therefore, the seismic upgrading of such old equipment was recognized as a serious subject after the 1995 Hyogoken-Nanbu earthquake.

Suggested Citation

  • Yoshiharu Shumuta, 2004. "Benefit Cost Analysis for Renewal Planning of Existing Electric Power Equipment," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 13, pages 257-287, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-24787-6_13
    DOI: 10.1007/978-3-540-24787-6_13
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    Cited by:

    1. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.

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