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A New Approach to Risk Management in the Power Industry Based on Systems Theory

Author

Listed:
  • Dariusz Gołȩbiewski

    (PZU S.A., Jana Pawla II 24 Ave., 00-133 Warsaw, Poland)

  • Tomasz Barszcz

    (Faculty of Mechanical Engineering and Robotics, AGH University of Science and Technology, Al. Mickiewicza 30, 30-059 Kraków, Poland)

  • Wioletta Skrodzka

    (Faculty of Management, Czȩstochowa University of Technology, Armii Krajowej 19B, 42-200 Czȩstochowa, Poland)

  • Igor Wojnicki

    (Faculty of Electrical Engineering, Automatics, Computer Science and Biomedical Engineering, AGH University of Science and Technology, Al. Mickiewicza 30, 30-059 Kraków, Poland)

  • Andrzej Bielecki

    (Institute of Security and Computer Science, Faculty of Exact and Natural Sciences, Pedagogical University in Kraków, Podchora̧żych 2, 30-084 Kraków, Poland)

Abstract

Contemporary risk management is based on statistical analysis. Such an approach has a few crucial disadvantages. First of all, it has limited applicability to new technological solutions. In this paper, a new idea for risk evaluation and management is put forward. The proposed approach is based on the autonomous systems theory. The theoretical foundation of the proposed idea is described and its prospective applications are discussed. The proposed measures of risk are based on the idea of the controllability of the system—the greater the level of controllability, the lower the risk. Various aspects of controllability are analyzed—economic, technological, and industrial. For each aspect of controllability, the problem of defining adequate measures for the level of risk is discussed. The proposed approach allows the risk assessor to analyze the system deeply. As a consequence, the analyst can assess the risk based not only on a posteriori statistics but also on an analysis of the crucial properties of the system. This allows the investigator to predict a priori possibilities of critical events. The proposed methodology is applied to the power industry.

Suggested Citation

  • Dariusz Gołȩbiewski & Tomasz Barszcz & Wioletta Skrodzka & Igor Wojnicki & Andrzej Bielecki, 2022. "A New Approach to Risk Management in the Power Industry Based on Systems Theory," Energies, MDPI, vol. 15(23), pages 1-19, November.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:23:p:9003-:d:986757
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