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Probabilistic choice vs. risk analysis-conflicts and synthesis in power system planning

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2 Author(s)
Miranda, V. ; FS, Macau Univ., Macau ; Proenca, L.M.

This paper shows the conceptual differences between adopting a probabilistic weighting of the futures and a risk averse strategy, in power system planning under uncertain scenarios. It is illustrated with a distribution planning problem, where optimal solutions in both cases are determined by a genetic algorithm. It shows that the probabilistic approach is less safe and cannot detect some interesting solutions

Published in:

Power Industry Computer Applications., 1997. 20th International Conference on

Date of Conference:

11-16 May 1997