Int. J. of Business Continuity and Risk Management   »   2015 Vol.6, No.2

 

 

Title: Designing a new insurance policy for industries to cover losses due to voltage sag

 

Authors: Shankar Deep; D.K. Jain; Surender Dahiya

 

Addresses:
Electrical Department, DCRUST, Murthal, Haryana, India
Electrical Department, DCRUST, Murthal, Haryana, India
Electrical Department, DCRUST, Murthal, Haryana, India

 

Abstract: With the growth of industries, quality and reliability of power supply is most important factor. It is the responsibility of energy service provider to supply uninterrupted and fault free power to the consumers. They should have to insure the damage to the property of consumers due to power disturbances mainly due to voltage sag. This paper proposes a new insurance policy to cover the losses occur due to voltage sag in the industries by calculating expected number of trips using Poisson distribution method.

 

Keywords: voltage sag; ITIC curve; CBEMA curve; Poisson distribution; insurance premium; insurance policies; financial losses; power disturbances; power supply.

 

DOI: 10.1504/IJBCRM.2015.075769

 

Int. J. of Business Continuity and Risk Management, 2015 Vol.6, No.2, pp.112 - 120

 

Submission date: 11 Jun 2015
Date of acceptance: 21 Sep 2015
Available online: 04 Apr 2016

 

 

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