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All Journal Quantitative Economics and Management Studies
Dianita Fitriani Program
Faculty of Economics and Business, Universitas Indonesia, Salemba, Jakarta Pusat, 10440, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

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FMEA-Based Logistic Regression Model for the Evaluation of Photovoltaic Power Plant Risk Dianita Fitriani Program; Ruslan Prijadi
Quantitative Economics and Management Studies Vol. 5 No. 3 (2024)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems2645

Abstract

The purpose of this research is to identify the primary operational risks associated with photovoltaic power plants and develop effective risk management strategies to optimize the operation of existing plants and mitigate risks for future plants that will be constructed as part of the new renewable energy (EBT) transition agenda until 2030. The integration of Failure Mode and Effect Method Analysis (FMEA) with logistic regression provides the formation of a risk treatment ranking that management should prioritize. Risk assessment relies on the expertise and experience of professionals in performing their responsibilities associated with photovoltaic power plants. The research findings have identified 10 potential risks associated with improving photovoltaic power plants operations to prevent failure or damage to the system. These risks are categorized into five stages of the operation process: planning and procurement, installation, operation, and maintenance. Risk rankings and mitigation are generated to prioritize actions aimed at limiting the occurrence of failure/damage and low-capacity factors in photovoltaic power plants as recommendations for the management.
Co-Authors Ruslan Prijadi