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The development of novel approach for risk quantification in coal procurement

Determining the optimum level of security is an area where more research is required. In principle, the optimum level of security that a system provides is determined by the interaction between cost of providing extra security and value to consumers. Risks in energy system have to be quantified in...

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Main Authors: Ibrahim, Jafni Azhan, Hashim, Amir, Majid, Mokhtar, Mat Tahar, Razman
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
HD61 Risk Management
Online Access:https://repo.uum.edu.my/id/eprint/31838/1/PEOCO2010_255-260.pdf
https://repo.uum.edu.my/id/eprint/31838/
https://www.researchgate.net/publication/224170363
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spelling my.uum.repo.318382025-01-08T11:33:33Z https://repo.uum.edu.my/id/eprint/31838/ The development of novel approach for risk quantification in coal procurement Ibrahim, Jafni Azhan Hashim, Amir Majid, Mokhtar Mat Tahar, Razman HD61 Risk Management Determining the optimum level of security is an area where more research is required. In principle, the optimum level of security that a system provides is determined by the interaction between cost of providing extra security and value to consumers. Risks in energy system have to be quantified in order to identify the level of security. To make comparison between cost of providing energy security and level of security, the quantified risks have to be in similar common variable as the costs. Then, an optimum level of security and cost can be estimated using appropriate methods. The objective of this paper is to present the development of Non-delivery Probability Table (NdPT) for use in coal procurements in energy system. This table will provide the probabilities of non-delivery for every supplier involved in supplying fuel for the system. These probabilities then can be used to quantify the risks in energy systems 2010 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31838/1/PEOCO2010_255-260.pdf Ibrahim, Jafni Azhan and Hashim, Amir and Majid, Mokhtar and Mat Tahar, Razman (2010) The development of novel approach for risk quantification in coal procurement. In: The 4th International Power Engineering and Optimization Conf. (PEOCO2010),, 23-24 June 2010, Shah Alam, Selangor, MALAYSIA. https://www.researchgate.net/publication/224170363
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD61 Risk Management
spellingShingle HD61 Risk Management
Ibrahim, Jafni Azhan
Hashim, Amir
Majid, Mokhtar
Mat Tahar, Razman
The development of novel approach for risk quantification in coal procurement
description Determining the optimum level of security is an area where more research is required. In principle, the optimum level of security that a system provides is determined by the interaction between cost of providing extra security and value to consumers. Risks in energy system have to be quantified in order to identify the level of security. To make comparison between cost of providing energy security and level of security, the quantified risks have to be in similar common variable as the costs. Then, an optimum level of security and cost can be estimated using appropriate methods. The objective of this paper is to present the development of Non-delivery Probability Table (NdPT) for use in coal procurements in energy system. This table will provide the probabilities of non-delivery for every supplier involved in supplying fuel for the system. These probabilities then can be used to quantify the risks in energy systems
format Conference or Workshop Item
author Ibrahim, Jafni Azhan
Hashim, Amir
Majid, Mokhtar
Mat Tahar, Razman
author_facet Ibrahim, Jafni Azhan
Hashim, Amir
Majid, Mokhtar
Mat Tahar, Razman
author_sort Ibrahim, Jafni Azhan
title The development of novel approach for risk quantification in coal procurement
title_short The development of novel approach for risk quantification in coal procurement
title_full The development of novel approach for risk quantification in coal procurement
title_fullStr The development of novel approach for risk quantification in coal procurement
title_full_unstemmed The development of novel approach for risk quantification in coal procurement
title_sort development of novel approach for risk quantification in coal procurement
publishDate 2010
url https://repo.uum.edu.my/id/eprint/31838/1/PEOCO2010_255-260.pdf
https://repo.uum.edu.my/id/eprint/31838/
https://www.researchgate.net/publication/224170363
_version_ 1821005508563173376
score 13.226497

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