Title :
Conflicting objectives and risk in power system planning
Author :
Crousillat, Enrique O. ; Dörfner, Péter ; Alvarado, Pablo ; Merrill, Hyde M.
Author_Institution :
World Bank, Washington, DC, USA
fDate :
8/1/1993 12:00:00 AM
Abstract :
Planning in the 1990s must deal with a wide range of options, with conflicting objectives, and with uncertainty. Types of conflict among planning objectives are illustrated and categorized. Risk is distinguished from uncertainty and both are qualified. Hedging to reduce risk is demonstrated. Real examples are drawn from major recent planning studies
Keywords :
power system planning; risk management; conflicting objectives; power system planning; risk reduction; uncertainty; Cost function; IEEE members; Power engineering and energy; Power system analysis computing; Power system planning; Robustness; Samarium; Systems engineering and theory; USA Councils; Uncertainty;
Journal_Title :
Power Systems, IEEE Transactions on
