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The performance of a power system in an operational time frame can be evaluated by the short-term reliability assessment. The component reliability model usually uses exponential distribution for the repair time because of its simplicity. However, this assumption may lead to the inaccuracy in evaluation results, especially large errors in short-term evaluation. Therefore, the non-exponential distribution...
This paper proposes a method to obtain a fast and accurate evaluation of the short-term reliability in the online operational timeframe. This method thus provides operators with information on the near-future reliability of the power system and has the ability to warn them when preventive actions might be required. To achieve a sufficient accuracy, this assessment must take into account multi-state...
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