Energy Risk Assessment

First Published in 1982. Comprehensive and controversial, this book presents an overview of the energy options available and their attendant risks. The entire energy cycle- from raw material to final energy production- is examined in depth so that accurate and detailed assessments can be made of the risks of energy options.

GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Over the past 30 years, numerous concerns have been raised in the literature regarding the capability of static modeling approaches such as the event-tree (ET)/fault-tree (FT) methodology to adequately account for the impact of process/hardware/software/firmware/human interactions on nuclear power plant safety assessment, and methodologies to augment the ET/FT approach have been proposed. Often referred to as dynamic probabilistic risk/safety assessment (DPRA/DPSA) methodologies, which use a time-dependent phenomenological model of system evolution along with a model of its stochastic behavior to model for possible dependencies among failure events. The book contains a collection of papers that describe at existing plant level applicable DPRA/DPSA tools, as well as techniques that can be used to augment the ET/FT approach when needed. Contents: Shutdown Probabilistic Safety Assessment (Marko Čepin) Dynamic Probabilistic Risk Assessment Model Validation and Application -- Experience with ADS-IDAC, Version 2.0 (Kevin Coyne and Ali Mosleh) MCDET: A Tool for Integrated Deterministic Probabilistic Safety Analyses (Martina Kloos, Nadine Berner, Joerg Peschke and Josef Scheuer) Why Sequence Dynamics Matters in PSA: Checking Consistency of Probabilistic and Deterministic Analyses (J M Izquierdo, J Hortal, M Sánchez and E Meléndez) Level 2 Probabilistic Risk Assessment Using Dynamic Event Tree Analysis (Douglas M Osborn, Tunc Aldemir, Richard S Denning and Diego Mandelli) EDF Experience in Integrated Deterministic Probabilistic Safety Analysis for Risk Assessment (Valentin Rychkov) Offsite Power Reliability Assessment for Nuclear Power Plants: An Application of Dynamic Reliability to Power Systems (Pierre Henneaux and Pierre-Etienne Labeau) Stochastic Differential Equations in Dynamic Reliability (Vytis Kopustinskas, Henrikas Pragarauskas and Juozas Augutis) Dynamic Event Tree Modeling of a Reactor Coolant Pump Seal LOCA (Kyle Metzroth, Richard Denning and Tunc Aldemir) Markov/Cell-to-Cell Mapping Technique for Stochastic Modeling of Dynamic Systems (Tunc Aldemir) Dynamic Flowgraph Methodology (DFM) Modeling of Nuclear and Advanced Technology System Risk and Reliability Scenarios (Sergio Guarro and Michael Yau) Dynamic Behavior of Nuclear Power Plant State Under Severe Accident Conditions: Analysis by the GO-FLOW Methodology and the Consideration of Loop Structures (Takeshi Matsuoka) Dynamic Accident Scenario Generation, Modeling and Post-Processing for the Integrated Deterministic and Probabilistic Safety Analysis of Nuclear Power Plants (Francesco Di Maio and Enrico Zio) Software Behavior Modeling for Dynamic Probabilistic Risk Assessment: Perspectives (C S Smidts) Readership: Graduate students, researchers and professionals in the field of nuclear engineering, risk analysis and reliability engineering. Keywords: Probabilistic Risk Assessment;Nuclear Energy;Nuclear Plant Reliability and SafetyReview: Key Features: Except for PSAM, ESREL and PSA conference proceedings which may contain some relevant papers, the most recent review publication on similar topics is Proceedings of the International Workshop on Dynamic Reliability, C Smidts, T Aldemir (Eds.), The Center for Risk and Reliability, University of Maryland, USA (2007) In addition to capturing more recent developments, the proposed publication differs from 2007 publication by concentrating on nuclear energy and also containing papers on risk management The book is a compilation of papers by almost all prominent researchers active in the field of dynamic probabilistic safety/ris

Extended models, methods, and applications in power system risk assessment Risk Assessment of Power Systems: Models, Methods, and Applications, Second Edition fills the gap between risk theory and real-world application. Author Wenyuan Li is a leading authority on power system risk and has more than twenty-five years of experience in risk evaluation. This book offers real-world examples to help readers learn to evaluate power system risk during planning, design, operations, and maintenance activities. Some of the new additions in the Second Edition include: New research and applied achievements in power system risk assessment A discussion of correlation models in risk evaluation How to apply risk assessment to renewable energy sources and smart grids Asset management based on condition monitoring and risk evaluation Voltage instability risk assessment and its application to system planning The book includes theoretical methods and actual industrial applications. It offers an extensive discussion of component and system models, applied methods, and practical examples, allowing readers to effectively use the basic concepts to conduct risk assessments for power systems in the real world. With every original chapter updated, two new sections added, and five entirely new chapters included to cover new trends, Risk Assessment of Power Systems is an essential reference.

Mathematical techniques for trading and risk management. Managing Energy Risk closes the gap between modern techniques from financial mathematics and the practical implementation for trading and risk management. It takes a multi-commodity approach that covers the mutual influences of the markets for fuels, emission certificates, and power. It includes many practical examples and covers methods from financial mathematics as well as economics and energy-related models.

First Published in 1982. Comprehensive and controversial, this book presents an overview of the energy options available and their attendant risks. The entire energy cycle- from raw material to final energy production- is examined in depth so that accurate and detailed assessments can be made of the risks of energy options.