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Operation Risk Structural Analysis and Evaluation System Construction for Multistation Integration Project

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  • Weiwei Cui
  • Pingkuo Liu
  • Qiuye Sun

Abstract

Digitalization in the power grid sector will become a strong support in the future for the upgrading of the power industry. And, multistation integration has become a leading project in the process. However, there are some hidden risks to its security with the boom of new technologies. Risk analysis and evolution of the multistation integration have an important role in safe operation. This paper analyzes the relationship among risk factors by using both the structural equation modeling (SEM) and the chi-squared automatic interaction detector (CHAID) approach, which is more objective than subjective judgment. The result shows the following: (1) The operational risks come from 10 risk-derived sources which therefore can be qualitatively divided into 2 risk categories with 11 risk indicators. (2) Concerning the structural analysis, the main risk source of multistation integration comes from endogenous risks. (3) In terms of procedural analysis, cultural risk, information risk, and accidental risk are the most critical external risks, while performance risk and location risk are the most critical internal ones. The results of models provide a reference for engineering management in digitalization in the power grid sector.

Suggested Citation

  • Weiwei Cui & Pingkuo Liu & Qiuye Sun, 2022. "Operation Risk Structural Analysis and Evaluation System Construction for Multistation Integration Project," Mathematical Problems in Engineering, Hindawi, vol. 2022, pages 1-16, February.
    • Handle: RePEc:hin:jnlmpe:1126261
    DOI: 10.1155/2022/1126261
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