Title :
Integrated risk management under deregulation
Author_Institution :
Sch. of Ind. Eng., Purdue Univ., West Lafayette, IN, USA
Abstract :
The paper draws lessons from the California power crisis and the recent fall of Enron and promotes integrated risk management. A general framework for integrated risk management is proposed, with the major risks listed for the deregulated energy industry. The risks are categorized into five classes-people, business, finance, shocks and information related risks. A general procedure and two risk assessment methods are also introduced for integrated risk management.
Keywords :
electricity supply industry deregulation; management; risk management; California power crisis; USA; business; deregulated energy industry; finance; information related risks; integrated risk management; people; power industry deregulation; risk assessment methods; shocks; Demand forecasting; Economic forecasting; Electric shock; Electricity supply industry deregulation; Finance; Industrial engineering; Probability distribution; Protection; Reactive power; Risk management;
Conference_Titel :
Power Engineering Society Summer Meeting, 2002 IEEE
Conference_Location :
Chicago, IL, USA
Print_ISBN :
0-7803-7518-1
DOI :
10.1109/PESS.2002.1043535
