Journal article

Risk and Resilience Assessment with Component Criticality Ranking of Electric Power Systems Subject to Earthquakes

S Espinoza, A Poulos, H Rudnick, JC De La Llera, M Panteli, P Mancarella

IEEE Systems Journal | IEEE | Published : 2020

Abstract

Countries around the world suffer the dramatic impact of earthquakes and other natural hazards reflected in casualties, infrastructure damage, service interruptions, and recovery costs. Although disaster exposure consciousness of electric power systems has increased in recent years, mitigation and adaptation actions, such as reserve scheduling and infrastructure investments, are usually performed without quantitative tools to account for the underlying stochasticity of these events. This article first discusses why an integrated assessment, which incorporates sources of uncertainty (risk) and manages the time-dependency of the recovery process (resilience), should be used to assess the impac..

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Grants

Awarded by RCUK/EPSRC, U.K.


Awarded by Fondecyt


Awarded by Fondap


Awarded by U.K. EPSRC RESNET


Funding Acknowledgements

This work was developed within the Chile-UK NewtonPicarte Project for "Disaster Management and Resilience in Electric Power Systems" (Consortium that includes Pontificia Universidad Catolica de Chile (PUC), Universidad de Chile (UCH), and The University of Manchester (UoM), U.K.), which is supported in part by CONICYT, Chile, and RCUK/EPSRC, U.K., under Grant EP/N034899/1, in part by Fondecyt under Grants 1170836, 1141082, and 1181136, in part by Fondap under Grant 15110017, and in part by U.K. EPSRC RESNET under Grant EP/I035781/1.