An Interactive Package for Risk Evaluation and Maintenance Scheduling

  title={An Interactive Package for Risk Evaluation and Maintenance Scheduling},
  author={G. C. Contaxis and S. D. Kavatza and C. D. Vournas},
  journal={IEEE Power Engineering Review},
The calculation of the Loss of Load Probability (LOLP) is an important element in generation planning studies. LOLP is calculated either independently to evaluate the risk of a certain generation system or in conjunction with several planning application programs such as, generator maintenance scheduling, probabilistic production costing, hydrothermal scheduling, generation expansion, etc. Exact calculation of the LOLP requires the calculation of the Capacity Outage Probability Table (COPT… CONTINUE READING


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