The development of novel approach for risk quantification in coal procurement

• Main Authors: Ibrahim J.A., Hashim A.H., Majid M., Mat Tahar R.
• Other Authors: 36559291800
• Format: Conference paper
• Published: 2023
• Subjects: Coal; Non-delivery probability table; Probability; Risk quantification; Coal industry; Costs; Optimization; Energy security; Energy systems; Probability tables; Supplier involved; Risks
• Institution: Universiti Tenaga Nasional

Determining the optimum level of security is an area where more research is required. In principle, the optimum level of security that a system provides is determined by the interaction between cost of providing extra security and value to consumers. Risks in energy system have to be quantified in o...