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Selecting Target Reliability Index

Selecting Target Reliability Index

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Significant attentions have recently been attracted by electricity power networks where many optimization models are applied to optimize distributed power. Many optimization models are available for electricity networks that mainly take into account total cost. Reliability related issues of electricity networks are also considered in the literature...

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... X is original random variable and Z is standard normal random variable. Table 1 displays different failure probabilities for various target reliability indices. Failure probability of system for different target reliability indices can be calculated based on the Gaussian (normal) distribution function. ...

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... Next, we consider applications of RBDO models to electricity networks (see [1,2]). Most of the current optimisation models of these networks are categorised as deterministic design optimisation models. ...
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