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 o...
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| Format: | Conference paper |
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2023
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| _version_ | 1833349843081232384 |
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| author | Ibrahim J.A. Hashim A.H. Majid M. Mat Tahar R. |
| author2 | 36559291800 |
| author_facet | 36559291800 Ibrahim J.A. Hashim A.H. Majid M. Mat Tahar R. |
| author_sort | Ibrahim J.A. |
| building | UNITEN Library |
| collection | Institutional Repository |
| content_provider | Universiti Tenaga Nasional |
| content_source | UNITEN Institutional Repository |
| continent | Asia |
| country | Malaysia |
| 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. �2010 IEEE. |
| format | Conference paper |
| id | my.uniten.dspace-30584 |
| institution | Universiti Tenaga Nasional |
| publishDate | 2023 |
| record_format | dspace |
| spelling | my.uniten.dspace-305842023-12-29T15:49:49Z The development of novel approach for risk quantification in coal procurement Ibrahim J.A. Hashim A.H. Majid M. Mat Tahar R. 36559291800 24447656300 57211016529 55899271100 Coal Non-delivery probability table Probability Risk quantification Coal Coal industry Costs Optimization Energy security Energy systems Non-delivery probability table Probability tables Risk quantification Supplier involved Risks 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 IEEE. Final 2023-12-29T07:49:49Z 2023-12-29T07:49:49Z 2010 Conference paper 10.1109/PEOCO.2010.5559202 2-s2.0-77958012181 https://www.scopus.com/inward/record.uri?eid=2-s2.0-77958012181&doi=10.1109%2fPEOCO.2010.5559202&partnerID=40&md5=c0f4df78f4e727703d542cc474cf694c https://irepository.uniten.edu.my/handle/123456789/30584 5559202 255 260 Scopus |
| spellingShingle | Coal Non-delivery probability table Probability Risk quantification Coal Coal industry Costs Optimization Energy security Energy systems Non-delivery probability table Probability tables Risk quantification Supplier involved Risks Ibrahim J.A. Hashim A.H. Majid M. Mat Tahar R. The development of novel approach for risk quantification in coal procurement |
| title | 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_short | The development of novel approach for risk quantification in coal procurement |
| title_sort | development of novel approach for risk quantification in coal procurement |
| topic | Coal Non-delivery probability table Probability Risk quantification Coal Coal industry Costs Optimization Energy security Energy systems Non-delivery probability table Probability tables Risk quantification Supplier involved Risks |
| url_provider | http://dspace.uniten.edu.my/ |