Systemic risk: Conditional distortion risk measures

Dhaene, Jan; Laeven, Roger J. A.; Zhang, Yiying

doi:10.1016/j.insmatheco.2021.12.002

Cited by 9 publications

(1 citation statement)

References 47 publications

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“…In addition, fuzzy logic was used to analyze the impact of these factors in different scenarios. Special attention has been paid to approaches for estimating measures of systemic risk [31,32]. Specifically, asymptotic forms of relative errors for widely used systemic risk indicators are presented.…”

Section: Analysis Of Approaches To Sustainable Energy Safety Managementmentioning

confidence: 99%

Sustainable Energy Safety Management Utilizing an Industry-Relative Assessment of Enterprise Equipment Technical Condition

Hrinchenko,

Prokopenko,

Shmygol

et al. 2024

Sustainability

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The study considers approaches to ensuring energy management for the safe operation of facilities and their equipment and ways to improve it. It has been established that to ensure effective safety management of industrial enterprises, one of the critical areas is the technical diagnostics of power equipment during operation. An assessment of the actual technical condition of power equipment of VVER-1000 power units is proposed based on establishing the aging mechanisms and determining the relative evaluation coefficients for the characteristics of individual equipment elements. The results of the calculations allowed us to conclude that the obtained results correspond to the coefficients of relative assessment Ki of the technical characteristics of the power equipment that determine its degradation. Studies indicates that when assessing the state of power equipment, it is necessary to consider the presence and impact of the following operational factors that are not considered in the design calculations: loads, high levels of mechanical stress, fatigue damage, and metal defects, which primarily indicate the presence of degradation changes. To assess the technical condition of the equipment, considering the degree of mechanical wear, 17 technical characteristics were selected to determine the aging mechanisms by signs of degradation. A mathematical model of the dependence of the relative evaluation coefficient K on changes in the operating parameters is presented, and it is noted that the most significant influence on the value of the coefficient is the temperature of the coolant at the inlet (K = 0.56). The developed approach makes it possible to improve the safety management system of power facilities by introducing the proposed model to assess the technical conditions of power equipment by defining the parameters in the overall safety management system.

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Section: Analysis Of Approaches To Sustainable Energy Safety Managementmentioning

confidence: 99%