Related papers: Risk-based Probabilistic Quantification of Power D…
This paper aims at assessing the power system reliability by estimating loss of load (LOL) index using mutual information based Bayesian approach. Reliability analysis is a key component in the design, analysis and tuning of complex…
Active distribution networks facilitating bidirectional power exchange with renewable energy resources are susceptible to cyberattacks due to integration of a diverse array of cyber components. This study introduces a grid-level defense…
The increased integration of intermittent and decentralised forms of power production has eroded the stability margins of power grids and made it more challenging to ensure reliable and secure power transmission. Reliable grid operation…
We introduce a family of quantitative measures of responsibility in multi-agent planning, building upon the concepts of causal responsibility proposed by Parker et al.~[ParkerGL23]. These concepts are formalised within a variant of…
The increasing demand for electricity and the aging infrastructure of power distribution systems have raised significant concerns about future system reliability. Failures in distribution systems, closely linked to system usage and…
This paper presents the findings about the impact of heat waves on a real urban distribution system. A data-driven methodology is proposed to simulate the portion of faults that can be associated to normal conditions (and hence to…
The increasing demand of large scale wind integration in the conventional power system brings a lot of challenges. One of them is the stability of the power system when subjected to a large disturbance, such as a fault. This paper proposes…
Systemic risk measures have been shown to be predictive of financial crises and declines in real activity. Thus, forecasting them is of major importance in finance and economics. In this paper, we propose a new forecasting method for…
This paper considers structural optimization under a reliability constraint, where the input distribution is only partially known. Specifically, when we only know that the expected value vector and the variance-covariance matrix of the…
The increasing uncertainty in modern power systems, driven by the integration of intermittent energy sources and variable loads, underscores the need for probabilistic transient stability assessment. However, existing assessment methods…
This paper is concerned with a simulation study for a stochastic production network model, where the capacities of machines may change randomly. We introduce performance measures motivated by risk measures from finance leading to a…
Many studies in economics deal with the non-reliability cost to assess insurance fees or investment analyses, but none takes into consideration the mechanical aspect of reliability analysis. Other studies in mechanics give some tools and…
Resilience is emerging as an evolving notion, reflecting a system's ability to endure and adapt to sudden and catastrophic changes and disruptions. This paper spotlights the significance of the quantitative resilience indices of…
Reliability Options are capacity remuneration mechanisms aimed at enhancing security of supply in electricity systems. They can be framed as call options on electricity sold by power producers to System Operators. This paper provides a…
Smart grids are envisioned to accommodate high penetration of distributed photovoltaic (PV) generation, which may cause adverse grid impacts in terms of voltage violations. Therefore, PV Hosting capacity (HC) is being used as a planning…
Operational flexibility is an important property of electric power systems and plays a crucial role for the transition of today's power systems, many of them based on fossil fuels, towards power systems that can efficiently accommodate high…
The ongoing evolution of the electric power systems brings about the need to cope with increasingly complex interactions of technical components and relevant actors. In order to integrate a more comprehensive spectrum of different aspects…
Probabilistic security assessment and real-time dynamic security assessments (DSA) are promising to better handle the risks of system operations. The current methodologies of security assessments may require many time-domain simulations for…
We present a method to quantify a system's resilience capacity, i.e., the set of degradation magnitudes for which all functional requirements remain satisfied. These requirements come from human stakeholders (e.g., operators, planners) who…
We study issues of robustness in the context of Quantitative Risk Management and Optimization. We develop a general methodology for determining whether a given risk measurement related optimization problem is robust, which we call…