Abstract
In recent years, frequent large-scale power grid accidents have caused serious economic losses and bad social impact, which has drawn great attention from power grid enterprises. As one of the key elements of production, safety investment plays an important role in improving the safety level and reducing accident loss. In this paper, System dynamics (SD) and Bayesian network (BN) are integrated to develop a novel safety investment optimization model for power grid enterprises, which takes into account the impact of safety investment factors on accidents and the interactions between them. Based on sensitivity analysis, critical safety investment factors are determined to form the subsystem of the SD model. Subsequently, the optimal safety investment strategy is determined by a three-step simulation. The simulation results show that there are barrel effects and a diminishing marginal utility in safety investment. The proposed safety investment optimization model is practical to provide technical supports and guidance for determining an effective safety investment strategy in power grid enterprises.
| Original language | English |
|---|---|
| Article number | 108331 |
| Journal | Reliability Engineering and System Safety |
| Volume | 221 |
| DOIs | |
| Publication status | Published - 2022 |
Bibliographical note
Green Open Access added to TU Delft Institutional Repository 'You share, we take care!' - Taverne project https://www.openaccess.nl/en/you-share-we-take-careOtherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.
Keywords
- Bayesian network
- Optimization
- Power grid
- Safety investment
- Safety investment strategy
- System dynamics