Despite all preventive measures, there is so much possibility of risks in any project development as well as in enterprise ma nagement. There is no any standard mechanism or methodology available to assess the risks in any project or production management. Using some precautionary steps, the manager can only avoid the risks as much as he can. To address this issue, this paper presents a probabilistic risk assessment model for the production of an enterprise. For this, Multi-Entity Bayesian Network (MEBN) has been used to represent the requirements for production management as well as to assess the risks adherence in production management, where MEBN combines expressivity of first-order logic and probabilistic feature of Bayesian network. Bayesian network provides the feature to represent the probabilistic uncertainty and reasoning about probabilistic knowledge base, which is used here to represent the probable risks behind each causes of a risk. The proposed probabilistic model is discussed with the help of a case study, which is used to predict risks inherent in the production of an enterprise, which depends upon various measures like labour availability, power backup, transport availability etc.

No abstract

In this paper, a new Modified Bacterial Foraging Algorithm (MBFA) method is developed to incorporate FACTS devices in optimal power flow (OPF) problem. This method can provide an enhanced economic solution with the use of controllable FACTS devices. Two types of FACTS devices, thyristor controlled series compensators (TCSC) and Static VAR Compensator (SVC) are considered in this method. The basic bacterial foraging algorithm (BFA) is an evolutionary optimization technique inspired by the foraging behavior of the E. coli bacteria. The strategy of the OPF problem is decomposed in two sub-problems, the first sub-problem related to active power planning to minimize the fuel cost function, and the second sub-problem designed to make corrections to the voltage deviation and reactive power violation based in an efficient reactive power planning of multi Static VAR Compensator (SVC). The specified power flow control constraints due to the use of FACTS devices are included in the OPF problem. The proposed method decomposes the solution of such modified OPF problem into two sub problems' iteration. The first sub problem is a power flow control problem and the second sub problem is a modified Bacterial foraging algorithm (MBFA) OPF problem. The two sub problems are solved iteratively until convergence. Case studies are presented to show the effectiveness of the proposed method.

No abstract

No abstract