HydroVantage is a capital-investment, maintenance-planning decision-support software package. It helps executives, engineers and planners to evaluate equipment-intervention schemes, optimize investment timing and prioritize capital spending. It is a reliable and straightforward risk-based asset management software designed for the hydropower industry.
HydroVantage can be used to:
- Develop capital-expenditure plans for hydro power stations
- Analyze and compare investment strategies, including:
- equipment rehabilitation and upgrades
- equipment replacement
- purchase of spare parts
- installation of monitoring equipment
- Assess the cost-effectiveness of preventive maintenance plans
- Determine single or multiple component life cycle strategies
- Study specific risk-exposure situations
- Undertake deferred investment analyses
HydroVantage is unique in the market place because:
- it takes into account the costs associated with the risk of equipment failures along with maintenance costs, capital costs and associated benefits
- it controls the judgment bias traditionally associated with capital-expenditure planning
