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Event tree-based risk and financial assessment for power plants

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  • Veljanovski, N.
  • ÄŒepin, M.

Abstract

Reliability and risk analyses in engineering have seldom been linked to financial analyses despite the significant role that risk assessment plays in the field of finance. Cash flow analyses for power plants typically do not account for contingent and successive events. Hence, the related financial assessments rarely incorporate a quantification of the adverse effects resulting from the combination of subsequent failures that could lead to extreme outcomes. The proposed approach aims to address this gap by employing the event tree method.

Suggested Citation

  • Veljanovski, N. & ÄŒepin, M., 2024. "Event tree-based risk and financial assessment for power plants," Reliability Engineering and System Safety, Elsevier, vol. 247(C).
    • Handle: RePEc:eee:reensy:v:247:y:2024:i:c:s0951832024001960
    DOI: 10.1016/j.ress.2024.110122
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