Reliability Evaluation of Power Systems

This book on systems reliability, which equally includes maintenance-related policies, presents fundamental reliability concepts that are applied in a number of industrial cases. Furthermore, to alleviate potential cost and time-specific bottlenecks, software engineering and systems engineering incorporate approximation models, also referred to as meta-processes, or surrogate models to reproduce a predefined set of problems aimed at enhancing safety, while minimizing detrimental outcomes to society and the environment.

The application of quantitative reliability evaluation in electric power sys­ tems has now evolved to the point at which most utilities use these techniques in one or more areas of their planning, design, and operation. Most of the techniques in use are based on analytical models and resulting analytical evaluation procedures. Improvements in and availability of high-speed digi­ tal computers have created the opportunity to analyze many of these prob­ lems using stochastic simulation methods and over the last decade there has been increased interest in and use made of Monte Carlo simulation in quantitative power system reliability assessment.

The volume presents the research work in understanding, modeling and quantifying the risks associated with different ways of implementing smart grid technology in power systems in order to plan and operate a modern power system with an acceptable level of reliability. Power systems throughout the world are undergoing significant changes creating new challenges to system planning and operation in order to provide reliable and efficient use of electrical energy.

This book deals with quantifying and analyzing the risks associated with sustainable energy technology growth in electric power systems, and developing appropriate models and methodologies to mitigate the risks and improve the overall system performance. The rapid increase in the installation of renewable energy sources in electric power systems has given rise to a wide range of problems related to planning and operation of power systems to maintain quality,