Mgmt 305
MGMT305 (Mon 1-5pm)
1/10/2013
Individual Project
Chapter 1, pg. 37 1. How do smart grids differ from the current electricity infrastructure in the United States?
The regular electricity infrastructure in the US provides power to consumers, but does not information on how the consumers are using the energy when the smart grids are. It uses digital technology to save energy, reduce costs, and increase reliability and transparency. Without the smart grids, the electricity infrastructure is outdated and inefficient. 2. What management, organization, and technology issues should be considered when developing a smart grid?
When it comes to smart grids, being aware of the amount of energy you use in a household is important to remember. It would definitely help manage the amount of power used every month and allow consumers to make more intelligent decisions regarding it. The organization that should be considered is allowing the consumers to access information about their usage of energy consumption and production every month. This is where the technology comes into play. You shouldn’t want an outdated and inefficient infrastructure. Going digital, just like the smart grids are, would be good to do. Having fast technology that is reliable and quick enough for the consumers to use will build satisfaction in the business and help out a lot. 3. What challenge to the development of smart grids do you think is most likely to hamper their development?
Installing smart grids are very expensive. We have economic problems we have in our country now, which will make consumers more skeptical about installing smart grids for their household. Not only that, but the smart grids are very high in technology and can be challenging for consumers to understand it and respond to the price signals. If they spend $250-$500 on these grids, and don’t know how to operate them, then it will practically be a waste of money and would want to return to the old fashioned grid
1/10/2013
Individual Project
Chapter 1, pg. 37 1. How do smart grids differ from the current electricity infrastructure in the United States?
The regular electricity infrastructure in the US provides power to consumers, but does not information on how the consumers are using the energy when the smart grids are. It uses digital technology to save energy, reduce costs, and increase reliability and transparency. Without the smart grids, the electricity infrastructure is outdated and inefficient. 2. What management, organization, and technology issues should be considered when developing a smart grid?
When it comes to smart grids, being aware of the amount of energy you use in a household is important to remember. It would definitely help manage the amount of power used every month and allow consumers to make more intelligent decisions regarding it. The organization that should be considered is allowing the consumers to access information about their usage of energy consumption and production every month. This is where the technology comes into play. You shouldn’t want an outdated and inefficient infrastructure. Going digital, just like the smart grids are, would be good to do. Having fast technology that is reliable and quick enough for the consumers to use will build satisfaction in the business and help out a lot. 3. What challenge to the development of smart grids do you think is most likely to hamper their development?
Installing smart grids are very expensive. We have economic problems we have in our country now, which will make consumers more skeptical about installing smart grids for their household. Not only that, but the smart grids are very high in technology and can be challenging for consumers to understand it and respond to the price signals. If they spend $250-$500 on these grids, and don’t know how to operate them, then it will practically be a waste of money and would want to return to the old fashioned grid