PRIORITY EVENTS DETERMINATION FOR THE RISK-ORIENTED MANAGEMENT OF ELECTRIC POWER SYSTEM

Journal Title: EUREKA: Physics and Engineering - Year 2018, Vol 0, Issue 3

Abstract

The task of risk-oriented management of the electric power system in conditions of multi-criteria choice is considered. To determine the most effective measures, the implementation of which will reduce the magnitude of the risk of an emergency situation, multi-criteria analysis methods are applied. A comparative analysis of the multi-criteria alternative (ELECTRE) ranking method based on utility theory and the Pareto method, which defines a subset of non-dominant alternatives, is carried out. The Pareto method uses in its algorithm only qualitative characteristics of the advantage and allows only to distinguish a group of competitive solutions with the same degrees of non-dominance. Given the large number of evaluation criteria, the Pareto method is ineffective because the resulting subset of activities is in the field of effective trade-offs, when no element of the set of measures can be improved without degrading at least one of the other elements. The ELECTRE method is a pairwise comparison of multi-criteria alternatives based on utility theory. This method allows to identify a subset of the most effective activities. The number of elements of the resultant subset is regulated by taking into account the coefficients of importance of optimization criteria and expert preferences.

Authors and Affiliations

Mykola Kosterev, Volodymyr Litvinov

Keywords

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  • EP ID EP669021
  • DOI 10.21303/2461-4262.2018.00643
  • Views 260
  • Downloads 0

How To Cite

Mykola Kosterev, Volodymyr Litvinov (2018). PRIORITY EVENTS DETERMINATION FOR THE RISK-ORIENTED MANAGEMENT OF ELECTRIC POWER SYSTEM. EUREKA: Physics and Engineering, 0(3), 21-32. https://www.europub.co.uk/articles/-A-669021