4.7 Article

A Markov reward process-based framework for resilience analysis of multistate energy systems under the threat of extreme events

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Summary: This paper presents a non-homogeneous Semi-Markov reward process model for resilience analysis of multi-state systems. The developed model quantifies different aspects of resilience by defining four resilience metrics. An efficient resilience analysis algorithm is implemented and demonstrated through numerical experiments, showing its computational benefits.

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