Modelling major failures in power grids in the whole range
The Pareto II distribution can be useful for modelling failures in power grids. We consider major failures in power grids in the whole range. We focus on the Energy Not Supply, Total Loss of Power and Restoration Time. Six alternative models are compared, included the Pareto (power law) model. Pareto II (Lomax) model gives the best results with European power grid data.
pareto ii power law lomax electricity transmission networks complex systems bootstrap