FMEA-Based Logistic Regression Model for the Evaluation of Photovoltaic Power Plant Risk

  • Dianita Fitriani Program Faculty of Economics and Business, Universitas Indonesia, Salemba, Jakarta Pusat, 10440, Indonesia (ID)
  • Ruslan Prijadi Faculty of Economics and Business, Universitas Indonesia, Salemba, Jakarta Pusat, 10440, Indonesia (ID)
Keywords: Photovoltaic Power Plant, Renewable Energy, Risk

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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.


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How to Cite
Program, D. F., & Prijadi, R. (2024). FMEA-Based Logistic Regression Model for the Evaluation of Photovoltaic Power Plant Risk. Quantitative Economics and Management Studies, 5(3), 644-657.