Risk Assessment of Power Systems - Models, Methods, and Applications

Author: Li Wenyuan
Publisher:
Publish Date: 2006-10-01
Features: This book will teach you how to conduct risk assessment, prediction, and management of power system failures. It fills the long-standing gap between the theory and practical application of power system risk. As an authority in power system risk assessment research for 15 years, the author has developed this pioneering work based on his extensive publications and over 50 technical reports. After understanding the models and methods provided by the author in the book, which have been developed through his practical experience, you will learn how to conduct risk assessment in the fields of power system planning, design, operation, and maintenance to keep the risk at target levels. The profound professional knowledge and rich engineering examples in the book enable you to master the most complex aspects of power system risk assessment, such as: how to select component outage models that reflect real operating environments; how to handle the uncertainty of statistical data; how to choose appropriate risk assessment methods for different situations; and how to apply fundamental theories and assessment methods to solve various engineering problems.
The book begins with an introduction, explaining the concepts related to power system risk, including system risk assessment, data, and unit outage loss. It then comprehensively discusses the establishment of models and methodologies, including component outage models and system risk assessment techniques such as state enumeration and Monte Carlo simulation. Subsequently, it focuses on the practical application issues faced by power companies, with all the provided application examples based on actual industrial projects personally led by the author. The five appendices at the end of the book offer relevant mathematical foundations, power system models, and probability distribution tables needed for power system risk assessment.
Power system failures have broad economic, environmental, and safety impacts and severe consequences. This book is an essential read for technical and managerial personnel in the fields of power system planning, operation, maintenance, and asset management, who are dealing with such complex situations. Additionally, due to its strong connection between theory and practical application, the book can also serve as a graduate-level textbook for power system studies, helping students understand the practical applications of risk theory.