Value based decisions operations analysis

Value based decisions operations analysis model

Overview

The Industrial Technology Research Institute (ITRI) wanted to help developers make more informed operational decisions. They asked us to produce a tool to evaluate offshore wind operation and maintenance strategies. We delivered a user-friendly value based decisions operations analysis model to prioritise offshore wind initiatives based on value.

Key challenges

  • Diverse range of operational strategies
  • Differing project lifetimes, wind conditions, and finances
  • The tool had to be easy to use

Key impact

  • Delivered an Excel-based Value based decisions operations analysis model
  • Enabled users to calculate NPV and LCOE for up to five configurable interventions
  • Included variable inputs
  • Provided a comprehensive user manual
  • Equipped ITRI with a practical tool

BVGA team

Bruce Valpy

Graham Gow

Charlie Boal

Victor Baudrenghien

Patrick Whelan

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