NDLI: Multiple criteria decision making and risk analysis as risk management tools for power systems planning

Content Provider	IEEE Xplore Digital Library
Author	Linares, P.
Copyright Year	1969
Abstract	Uncertainties in power systems planning are getting more important nowadays due to the liberalization of the electricity industry and the increasing concern for the environmental impact of electricity generation. This paper presents an electricity planning model which deals with uncertainty and its associated risk at two levels: at the first level, by minimizing environmental risk through a multiple-criteria model; and at the second level, by performing a risk analysis consistent with the multiple criteria model used before, and which applies classical decision rules for selecting the best planning strategy under uncertainty. Results show that the incorporation of additional criteria produce much more flexible and efficient strategies, which greatly reduce environmental risk at a little cost increment, while the risk analysis process selects flexible and robust strategies for the scenarios analyzed.
Sponsorship	IEEE Power Engineering Society
Starting Page	895
Ending Page	900
Page Count	6
File Size	204089
File Format	PDF
ISSN	08858950
Volume Number	17
Issue Number	3
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2002-08-01
Publisher Place	U.S.A.
Access Restriction	One Nation One Subscription (ONOS)
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Decision making Risk analysis Risk management Power system planning Uncertainty Strategic planning Power generation Power system modeling Costs Robustness
Content Type	Text
Resource Type	Article
Subject	Energy Engineering and Power Technology Electrical and Electronic Engineering

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