Integrating Life Cycle Management and Risk Assessment for Enhanced Investment in Power Plant Equipment Maintenance
Mengintegrasikan Manajemen Siklus Hidup dan Penilaian Risiko untuk Peningkatan Investasi dalam Pemeliharaan Peralatan Pembangkit Listrik
DOI:
https://doi.org/10.21070/ups.8981Keywords:
Life Cycle Management, Pareto Loss, Blade Turbine, Power Plant Investment, EAF, EFOR, NPHRAbstract
Investment decision-making in the power generation sector faces significant challenges due to technical risks and declining operational efficiency. This research is urgent because there is no integrative model that systematically combines technical and financial approaches in determining investment feasibility, particularly for critical components such as the Blade Turbine Row 14 at PLTU XYZ. The objective of this study is to identify dominant risk factors and assess investment feasibility based on historical data and asset life cycle analysis. The research method employs a concurrent mixed methods approach by integrating quantitative analysis (Pareto Loss, Failure Mode, LCM) with qualitative insights (FGD, technical observation), and validated through triangulation of source, time, and method. Results show that Mech-Looseness and Deformation are the main causes of derating, reaching up to 700 hours, decreasing efficiency, and increasing NPHR. Financially, however, the investment of Rp5.95 billion is considered highly feasible, with an NPV of Rp54.97 billion, IRR of 164%, Payback Period of 1 year, and a B/C ratio of 16.44. This study offers strategic value by demonstrating that implementing Life Cycle Management (LCM) integrated with Failure Mode and Pareto Loss can improve investment decision accuracy, extend asset lifespan, and strengthen operational efficiency and sustainability of the power plant.
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