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has been cited by the following article:

• TITLE: Application of Risk-based Flexibility Assessment Methods to Evaluate System Expansion Plans

  AUTHORS: Baorong Zhou, Pei Zhang, Jianbin Chen, Xiaoming Jin, Kai Hou, Ming Niu, Zhao Xu, Yunkai Lei

  KEYWORDS: Flexibility Assessment; Transmission Scheme Prioritization

  JOURNAL NAME: Energy and Power Engineering, Vol.5 No.4B, November 12, 2013

  ABSTRACT: This paper proposed a flexibility assessment approach based on and risk assessment methodology. System planners prioritize each planning scheme with consideration of three aspects: reliability, economics, and flexibility. In the past, there is lack of quantitative indices to measure flexibility of a power system. This paper proposes applying probabilistic risk assessment method to quantify system flexibility. The proposed approach is demonstrated to compare two transmission planning schemes during Guangdong expansion planning process.