## Risk Assessment Of Power Systems: Models, Methods, and ApplicationsPower system risk assessment is becoming an important and mandatory task in planning, operation, maintenance, and asset management of utilities, particularly under the deregulation environment. This book will provide readers with the tools to solve practical problems using appropriate risk assessment techniques. Both analytical and Monte Carlo evaluation methods are discussed with an emphasis on applied techniques and actual considerations in generation, transmission, substation, and distribution systems. |

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### Contents

2 Outage Models of System Components | 13 |

3 Parameter Estimation in Outage Models | 43 |

4 Elements of Risk Evaluation Methods | 69 |

5 Risk Evaluation Techniques for Power Systems | 89 |

6 Application of Risk Evaluation to Transmission Development Planning | 127 |

7 Application of Risk Evaluation to Transmission Operation Planning | 151 |

8 Application of Risk Evaluation to Generation Source Planning | 173 |

9 Selection of Substation Configurations | 193 |

13 Probabilistic Transient Stability Assessment | 263 |

Appendix A Basic Probability Concepts | 281 |

Appendix B Elements of Monte Carlo Simulation | 289 |

Appendix C PowerFlow Models | 297 |

Appendix D Optimization Algorithms | 303 |

Appendix E Three Probability Distribution Tables | 311 |

References | 315 |

321 | |

10 ReliabilityCentered Maintenance | 211 |

11 Probabilistic SpareEquipment Analysis | 229 |

12 ReliabilityBased TransmissionService Pricing | 249 |

About the Author | 325 |

### Other editions - View all

Risk Assessment Of Power Systems: Models, Methods, and Applications Wenyuan Li No preview available - 2005 |

### Common terms and phrases

aging failure alternative annual application average basic BC Hydro breaker busbar buses calculated cogeneration common-cause outage concept considered contingency analysis duration economic EENS indices enumeration Equation equipment estimation example failure cost failure events failure frequency failure probability failure rate fault HVDC impact includes interval interval estimation investment load curtailments load curve load duration curve load growth load level load point load transfer log-normal distribution maintenance outage mean megawatt Monte Carlo method Monte Carlo simulation normal distribution obtained option outage models parameters planned outage power flow power system risk probability distribution random number random variable reduction repair risk cost risk indices Scheme Section selected shown in Figure single-contingency spare standard deviation Step substation configurations system reliability system risk assessment system risk evaluation Table techniques tion transformers transient stability transmission network transmission system unavailability utility Weibull Weibull distribution wheeling customer