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Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
(Cont.) This thesis proposes the use of a probabilistic risk analysis framework as the foundation for bulk power-system-reliability policy to replace existing policy, which is an ad hoc mixture of deterministic criteria and risk-based requirements. This thesis recommends distinguishing between controlled, involuntary load curtailments and uncontrolled, involuntary load curtailments in power system reliability modeling. The Institute of Electrical and Electronics Engineers (IEEE) Reliability Test System is used to illustrate the possible impact that dependent failure modes and the behavior of economic agents have on the reliability of bulk power systems.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
(Cont.) This thesis proposes the use of a probabilistic risk analysis framework as the foundation for bulk power-system-reliability policy to replace existing policy, which is an ad hoc mixture of deterministic criteria and risk-based requirements. This thesis recommends distinguishing between controlled, involuntary load curtailments and uncontrolled, involuntary load curtailments in power system reliability modeling. The Institute of Electrical and Electronics Engineers (IEEE) Reliability Test System is used to illustrate the possible impact that dependent failure modes and the behavior of economic agents have on the reliability of bulk power systems.
Author: Mohammad Modarres Publisher: CRC Press ISBN: 1420003496 Category : Mathematics Languages : en Pages : 408
Book Description
Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p
Author: M. Stewart Publisher: Springer ISBN: 0412805707 Category : Technology & Engineering Languages : en Pages : 274
Book Description
Probabilistic risk and hazard assessments are applied to a wide range of engineering systems, mainly for regulatory reasons needed for development consent, system certification and occupational health and safety issues. The purpose of this book is to raise awareness of the limitations, uncertainties and other issues inherent in probabilistic risk analysis procedures. Probabilistic Risk Assessment of Engineering Systems describes: the importance of probabilistic risk assessment in decision making, i.e. risk management; types of risk and probabilistic risk analysis procedures; data needed for the conduct of probabilistic risk analysis; and acceptable/tolerable risk and other risk acceptance criteria. In essence, the book provides a multi-disciplinary and integrated explanation of risk assessment procedures that will enable the non-specialist reader to gain valuable insights into the development of risk analysis procedures. Practising engineers and graduate engineering students across a range of disciplines will find this book immensely useful.
Author: Hiromitsu Kumamoto Publisher: Institute of Electrical & Electronics Engineers(IEEE) ISBN: Category : Medical Languages : en Pages : 626
Book Description
As the demands of government agencies and insurance companies escalate, societal risk assessment and management become increasingly critical to the development and use of engineered systems in the full range of industrial installations.
Author: Mohammad Shahidehpour Publisher: John Wiley & Sons ISBN: 0471463949 Category : Technology & Engineering Languages : en Pages : 552
Book Description
An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.
Author: Steffen Rebennack Publisher: Springer Science & Business Media ISBN: 3642024939 Category : Mathematics Languages : en Pages : 503
Book Description
Energy is one of the world`s most challenging problems, and power systems are an important aspect of energy related issues. This handbook contains state-of-the-art contributions on power systems modeling and optimization. The book is separated into two volumes with six sections, which cover the most important areas of energy systems. The first volume covers the topics operations planning and expansion planning while the second volume focuses on transmission and distribution modeling, forecasting in energy, energy auctions and markets, as well as risk management. The contributions are authored by recognized specialists in their fields and consist in either state-of-the-art reviews or examinations of state-of-the-art developments. The articles are not purely theoretical, but instead also discuss specific applications in power systems.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
Abstract : Modern economic and social activities are dependent on a complex network of infrastructure systems that are highly interdependent. Electric power systems form the backbone of such complex network as most civil infrastructure systems cannot function properly without reliable power supply. Electric power systems are vulnerable to extensive damage due to natural hazards, as evident in recent hazard events. Hurricanes, earthquakes, floods, tornados and other natural hazards have caused billions of dollars in direct losses due to damage to power systems and indirect losses due to power outages, as well as social disruption. There is, therefore, a need for a comprehensive framework to assess and mitigate the risk posed by natural hazards to electric power systems. Electric power systems rely on various components that work together to deliver power from generating units to customers. Consequently, any reliable risk assessment methodology needs to take into account how the different components interact. This requires a system-level risk assessment approach. This research presents a framework for system-level risk assessment and management for electric power systems subjected to natural hazards. Specifically, risk due to hurricanes and earthquakes, as well as the combined effect of both is considered. The framework incorporates a topological-based system reliability model, probabilistic and scenario-based hazard analysis, climate change modeling, component vulnerability, component importance measure, multi-hazard risk assessment, and cost analysis. Several risk mitigation strategies are proposed; their efficiency and cost-effectiveness are studied. The developed framework is intended to assist utility companies and other stakeholders in making a risk-informed decision regarding short- and long-term investment in natural hazard risk mitigation for electric power systems. The framework can be used to identify certain parts of the system to strengthen, compare the efficiency and cost-effectiveness of various risk mitigation strategies using life-cycle cost analysis, compare risks posed by different natural hazards, and prioritize investment in the face of limited resources.
Author: Wenyuan Li Publisher: John Wiley & Sons ISBN: 047163168X Category : Technology & Engineering Languages : en Pages : 345
Book Description
"Risk Assessment of Power Systems closes the gap between risk theory and real-world application. As a leading authority in power system risk evaluation for more than fifteen years and the author of a considerable number of papers and more than fifty technical reports on power system risk and reliability evaluation, Wenyuan Li is uniquely qualified to present this material. Following the models and methods developed from the author's hands-on experience, readers learn how to evaluate power system risk in planning, design, operations, and maintenance activities to keep risk at targeted levels."--BOOK JACKET.
Author: Ray Waller Publisher: Springer Science & Business Media ISBN: 1475718187 Category : Science Languages : en Pages : 561
Book Description
In recent years public attention has focused on an array of low-probability/high-consequence (LC/HC) events that pose a signif icant threat to human health, safety, and the environment. At the same time, public and private sector responsibilities for the assessment and management of such events have grown because of a perceived need to anticipate, prevent, or reduce the risks. In attempting to meet these responsibilities, legislative, judicial, regulatory, and private sector institutions have had to deal with the extraordinarily complex problem of assessing and balancing LP/ HC risks against the costs and ben if its of risk reduction. The need to help society cope with LP/HC events such as nuclear power plant accidents, toxic spills, chemical plant explosions, and transportation accidents has given rise to the development of a new intellectual endeavor: LP/HC risk analysis. The scope and complexity of these analyses require a high degree of cooperative effort on the part of specialists from many f~elds. Analyzing technical, social, and value issues requires the efforts of physicists, biologists, geneticists, statisticians, chemists, engineers, political scientists, sociologists, decision analysts, management scientists, economists, psychologists, ethicists, lawyers, and policy analysts. Included in this volume are papers by authors in each of these disciplines. The papers share in common a focus on one or more of the following questions that are generic to the analysis of LP/HC risks.
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Author: Mohammad Modarres
Author: M. Stewart
Author: Hiromitsu Kumamoto
Author: Mohammad Shahidehpour
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Author: Steffen Rebennack
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Author: Wenyuan Li
Author: Ray Waller