| Title | Risk-Based Security and Economy Tradeoff Analysis for Real-Time Operation |
| Publication Type | Journal Article |
| Year of Publication | 2007 |
| Authors | Fei Xiao, James D McCalley |
| Journal | IEEE Transactions on Power Systems |
| Volume | 22 |
| Issue | 4 |
| Pagination | 2287 - 2288 |
| Date Published | 11/2007 |
| ISSN | 0885-8950 |
| Keywords | AA09-001, AARD, Automatic Switchable Network (ASN), optimal power flow (OPF), Power system modeling, power system security, risk analysis |
| Abstract | This letter describes a new perspective on balancing system security level with cost for real-time operation. Security level is quantified using risk, which provides that security may be optimized. A risk-based multiple-objective (RBMO) model, considering security and economy together, is compared with the traditional security-constrained OPF (SCOPF) model. A six-bus test system is used to show the merits of RBMO. |
| DOI | 10.1109/TPWRS.2007.907591 |
| Short Title | IEEE Trans. Power Syst. |
