Advanced Topic in Engineering Management Barriers of Strategies in Sm

Question: Discuss about theAdvanced Topic in Engineering Managementfor Barriers of Strategies in Smart Electrical. Answer: Introduction The paper depicts barriers of strategies in smart electrical power grid, highly associated with sustainable system engineering. The analysis will provide the ways in which electric energy is utilized for home and business purposes. Smart grid is a energy provider and a digital network technology that allows two way communication system between the consumer and service provider. The paper will mention the overview of barriers of strategies to smart power grid. After that, the application of barriers of strategies to the smart power grid will be mentioned in this paper. Apart from this, the paper will mention the benefits and widespread of the application based on barriers in smart power grid. After critical analysis and investigation it will provide relevant recommendations that can be used o reduce the amount of risks. Overview of Barriers of Strategies in Smart Power Grid Different energy providers and current environment management survey provides the idea of smart grid technology. This is an electrical technology that provides energy transmission line, transformers, and electricity to home and business organizations (Kisanga and Ireson 2015). The Concept of electric grid was built in the year of 1890 and it went through continuous improvement. More than 3000,000 miles transmission lines can be generated from 9,200 electric generating units. The capacity of the system is around 1 Million megawatts. A general grid is referred to as a smart grid when it include digital technology to the system (May, Stahl and Taisch 2016). Smart grid is consists of digital devices such as internet, computer, automation system and it can bring all the required changes when ever required. Context of Application of Strategies to Smart Power Grid Based on the context, it has been determined that, in remote locations smart grid is applied for energy consumption. The overriding objectives are sustainability, competitiveness, and supply security (Bilandzic and Foth 2013). While analyzing the facts many issues come under focus. The electric grid puts high impact on the environment. A survey on national average reliability metrics determined that, the outage duration has been enhanced up to 3% in the last 5 years. The frequency increased up to 7%. The annual revenue was decreased to $1B annually after evaluating the grid system (Verbong, Beemsterboer and Sengers 2013). A survey on electric supply implies that, traditional electric supply bill amount will increased a large range within coming 8 to 9 years. Smart grid provides an advanced technology to develop the entire system. Critical Review of Barriers of Strategies to Smart Power Grid The current network is designed in such a way that, it is capable to utilize all the requirements. Moreover, it enhances the supply power and level of overall competition (Verbong, Beemsterboer and Sengers 2013). In order to achieve the goal, evolving criteria are added to the traditional network system. Considering business scenarios some factors are identified. These are s follows: Hugh capital requirement and operating cost: In order to operate the technology based system software and advanced hardware are needed to be introduced. The software and hardware required to frame up the design are very costly. Current best practice: It is widely used for energy consuming in less amount of cost. Currently it facilitates a two way end to end energy transmission technology that is best in the quality management. Currently it is used in different business models. It provides the real time control and monitoring system to reduce ATC loss, responses on demand, power quality management, demand quality management and smart home energy system. Application: Currently the application of smart power grid is expanding widely all over the world. In 21 century the usability of smart electric power grid is being applied in private sectors and in public sectors also. Not only this, but also it is also applied as home appliances. In this age of digital computer the economic level is increasing at a large rate and the application of the digital services is also emerging. The electric industry widely uses the reliable and efficient service of smart grid. It is used during huge energy demand. Safety policy Business Application on business Optimization in delivery optimization of demand optimization of asset Computer science and information technology Information infrastructure and communication development Energy infrastructure Energy consumer Summary of the Opportunities in a Particular Context The consumers are relatively active and involved with the system. Due to its high efficiency the demand for the system is increasing day by day (Kisanga and Ireson 2015). It enables the market and also associates difference storage options. In order to compliment large electric plants diverse and generative storage digital devices are generated. Renewable power access is also possible in this context. Summary of the Benefits of Barriers of Strategies to Smart Power Grid During analysis it has been found that, it enables the participation of active consumers. The consumers and management team of industries realize that, the system smart grid system meets all their basic needs (Bilandzic and Foth 2013). It can measure and enhance the sensing conditions. The grid management system is highly associated with management processes and is completely based on the condition management programs. It can resist outer attacks with the help of prevention management system. Summary of the Barriers to the Widespread Application of Barriers of Strategies to Smart Power Grid Due to widespread application of smart grid the technology is facing different usability issues. The success of the technology is strictly dependent on its security and data handling process (Verbong, Beemsterboer and Sengers 2013). Due to excessive use the resource management is also getting affected. The RD team of smart grid technology implies that the regulators, vendors, consumers all are getting affected by technical implementation. Excessive use of the natural resource based technology reduces the flexibility of the system. A venue for research, investigation and changes in policy The system has different features but still certain segments are needed to be changed for overall development (Zheng, Meinrenken and Lackner 2015). The internal and external analysis implies that changes are needed in social, political, economical, legal and environmental application. Conclusion and Recommendations From the overall discussion it can be concluded that the paper has mentioned the overview of barriers in strategic smart power grid technology. It also provided its business application, opportunities, benefits and for widespread application certain innovations are needed to be added o he technology. Innovative ideas are also mentioned in this paper. Finally, it has mentioned certain recommendations to the technology. The shared vision provides the future of the smart grid technology. The electricity network must contain some of the features. The recommendations to develop the technology areas follow: Flexible: The network should have to be flexible so that as per consumers need changes can be made on the system. Reliable: The quality of the product should have to be good enough. It must ensure the security and privacy of the network. Accessible: It should have to be easy accessible from all sections. Economically supportive: the system should have to be affordable by the consumers. References Bilandzic, M. and Foth, M., 2013. Libraries as coworking spaces: Understanding user motivations and perceived barriers to social learning.Library Hi Tech,31(2), pp.254-273. Kisanga, D. and Ireson, G., 2015. Barriers and strategies on adoption of e-learning in Tanzanian higher learning institutions: Lessons for adopters.International Journal of Education and Development using Information and Communication Technology,11(2), p.126. 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