# Risk assessment of power systems : models, methods, and applications / Wenyuan Li, Ph.D., Fellow, IEEE, CAE, EIC, Chongqing University, China, BC Hydro, Canada.

##### By: Li, Wenyuan.

Material type: BookSeries: IEEE Press series on power engineering: Publisher: Hoboken, New Jersey : IEEE Press, Wiley, 2014Edition: Second edition.Description: 1 online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9781118843222 (ePub); 1118843223 (ePub); 9781118843352 (Adobe PDF); 1118843355 (Adobe PDF); 9781118849972; 1118849973; 1118686705; 9781118686706.Subject(s): Electric power systems -- Reliability -- Mathematical models | Electric power failures -- Risk assessment | Monte Carlo method | TECHNOLOGY & ENGINEERING / ElectricalGenre/Form: Electronic books. | Electronic books.Additional physical formats: Print version:: Risk assessment of power systemsDDC classification: 621.319/13011 Other classification: TEC007000 Online resources: Wiley Online Library"Risk Assessment of Power Systems addresses the regulations and functions of risk assessment with regard to its relevance in system planning, maintenance, and asset management. Brimming with practical examples, this edition introduces the latest risk information on renewable resources, the smart grid, voltage stability assessment, and fuzzy risk evaluation. It is a comprehensive reference of a highly pertinent topic for engineers, managers, and upper-level students who seek examples of risk theory applications in the workplace"-- Provided by publisher.

"This book discusses the models, methods and applications of risk assessment in physical power systems with a focus on various application problems"-- Provided by publisher.

Description based on print version record and CIP data provided by publisher.

Includes bibliographical references and index.

IEEE Press; Title page; Copyright page; Dedication; Preface; Preface to the First Edition; 1: Introduction; 1.1 Risk in Power Systems; 1.2 Basic Concepts of Power System Risk Assessment; 1.3 Outline of the Book; 2: Outage Models of System Components; 2.1 Introduction; 2.2 Models of Independent Outages; 2.3 Models of Dependent Outages; 2.4 Conclusions; 3: Parameter Estimation in Outage Models; 3.1 Introduction; 3.2 Point Estimation on Mean and Variance of Failure Data; 3.3 Interval Estimation on Mean and Variance of Failure Data; 3.4 Estimating Failure Frequency of Individual Components

3.5 Estimating Probability from a Binomial Distribution3.6 Experimental Distribution of Failure Data and Its Test; 3.7 Estimating Parameters in Aging Failure Models; 3.8 Conclusions; 4: Elements of Risk Evaluation Methods; 4.1 Introduction; 4.2 Methods for Simple Systems; 4.3 Methods for Complex Systems; 4.4 Correlation Models in Risk Evaluation; 4.5 Conclusions; 5: Risk Evaluation Techniques for Power Systems; 5.1 Introduction; 5.2 Techniques Used in Generation-Demand Systems; 5.3 Techniques Used in Radial Distribution Systems; 5.4 Techniques Used in Substation Configurations

5.5 Techniques Used in Composite Generation and Transmission Systems5.6 Conclusions; 6: Application of Risk Evaluation to Transmission Development Planning; 6.1 Introduction; 6.2 Concept of Probabilistic Planning; 6.3 Risk Evaluation Approach; 6.4 Example 1: Selecting the Lowest-Cost Planning Alternative; 6.5 Example 2: Applying Different Planning Criteria; 6.6 Conclusions; 7: Application of Risk Evaluation to Transmission Operation Planning; 7.1 Introduction; 7.2 Concept of Risk Evaluation in Operation Planning; 7.3 Risk Evaluation Method

7.4 Example 1: Determining the Lowest-Risk Operation Mode7.5 Example 2: A Simple Case by Hand Calculation; 7.6 Conclusions; 8: Application of Risk Evaluation to Generation Source Planning; 8.1 Introduction; 8.2 Procedure of Reliability Planning; 8.3 Simulation of Generation and Risk Costs; 8.4 Example 1: Selecting Location and Size of Cogenerators; 8.5 Example 2: Making a Decision to Retire a Local Generation Plant; 8.6 Conclusions; 9: Application of Risk Evaluation to Selecting Substation Configurations; 9.1 Introduction; 9.2 Load Curtailment Model; 9.3 Risk Evaluation Approach

9.4 Example 1: Selecting Substation Configuration9.5 Example 2: Evaluating Effects of Substation Configuration Changes; 9.6 Example 3: Selecting Transmission Line Arrangement Associated with Substations; 9.7 Conclusions; 10: Application of Risk Evaluation to Renewable Energy Systems; 10.1 Introduction; 10.2 Risk Evaluation of Wind Turbine Power Converter System (WTPCS); 10.3 Risk Evaluation of Photovoltaic Power Systems; 10.4 Conclusions; 11: Application of Risk Evaluation to Composite Systems with Renewable Sources; 11.1 Introduction

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