Modeling Overview The models developed for this research focused on addressing the following question: What is the likelihood of an outage occurrence? Based on the expected effect of weather, demographics, and socioeconomic features on outages, some hypotheses to be tested are as follows: • Hypothesis #1 - Weather has an influence on power outages. Snow, rain, wind and temperature have an impactful effect on underground cables, overhead lines, or complete electrical infrastructure that can cause electrical grids to fail. Weather also effects consumer demand, which drives changes on the electrical grid. • Hypothesis #2 - Income changes will increase/decrease energy consumption and power outages. Changes in income have an effect on the commercial and residential developments in the area. The changes affect the max load capabilities of the electrical grid. Income changes have a hierarchy of purchases. For example, if a group has a change of income that now allows air conditioner purchases, the electrical load will change quickly. • Hypothesis #3 - Ethnicity of a population has an influence on power outages. Certain ethnicities have generalized electrical usage. Some groups do not use air conditioners, but others leave the windows open into the winter. That type of demographic features may be impactful explanatory variables to help predict outages. The objective of this Capstone is to utilize data mining procedures and the business analytica framework learned throughout
event of a catastrophic disruption (fire) or disaster (hurricane) and a major IT or data center outage occurs
This web assignment will review two research firms and the type of tools they use in their firms as well as determining if those tools are effective as well as does the firm provide a valuable service to its customers. The two firms being reviewed include The NPD Group and Kantar TNS Global, each company was ranked in the top ten market research companies in the AMA Gold Report for 2016 as noted by Bowers & Brereton (2016). These two research firms are globally accomplished, have collectively helped thousands of clients succeed using their innovative techniques in a tailored program for each company they serve as well as being able to evolve in an ever changing research environment.
The team of business analysts come from various backgrounds. Business analytics will be used to gather data. This data will include, demographics,
There are four stages that are characteristic of a crisis (Crandall , Parnell & Spillan, 2013). With weather, the preconditions are monitored closely by weather personnel. These personnel are trained to watch the weather systems that rotate in earth’s atmosphere. Certain jet streams can collide causing storms. The trigger event is the actual blizzard. Once the snow started to fall, it was real and people needed to take shelter. The crisis
When we go more deep into this blackout, we come to know that the blackout of power in the northeast area started about at 5:16 PM. The next working day was about to start. The exact place at which this event occurred is Ontario - New York border, near Niagara Falls.
Managing these risks involves developing approaches that result in sound, scenario-based consequence and vulnerability estimates as well as assessments of the likelihood that the suggested threat will occur (“Executing A Critical”, n.d.). Risk is influenced by the nature and magnitude of a hazard or threat, the vulnerabilities to the threat or hazard, and possible consequences (“Executing A Critical”, n.d.). The threat landscape of the electric utility subsector includes physical attacks/theft, cyber-attack, natural disaster, and nuclear attacks (“Addressing Dynamic”, 2014). In addition to these threats and vulnerabilities, the subsector has identified other key issues and risks such as workforce capability and human errors, equipment failure and aging infrastructure, and evolving environmental, economic, and reliability regulatory requirements (“Energy Sector”, 2015). Electricity assets are numerous including residential homes, commercial offices, utility companies, transmission lines, etc. and their locations vary across the
Whenever the powers go out during a storm, the Wi-Fi also does not work. Our power at my house went out for some reason. I could not finish my homework without the Wi-Fi because I was doing it on my laptop.
Being so close to the coast, Norfolk is susceptible to storms and hurricanes, which for electronics, is an absolute nightmare. What I mean by a nightmare are power surges. These happen typically during storms when the flow of electricity is interrupted, which causes electronics to shut off or malfunction.
The 2003 northeast blackout that saw about 50 million people from the northeast US and southeast Canada lose power for about 2 days at the cost of $6 billion dollars according to JR Minkel (Minkle) and was the biggest blackout in North American history (Minkle). The disaster lead to a report that showed the blackout was caused by a combination of human error and equipment failure. To prevent issues like this in the future a “smart grid” needs to be developed that would monitor and repair itself in the event of problems. Essentially computers and applications would be the first responder when there is an equipment failure on the grid. The problem with this solution is that by placing more of the control of the power grid into the hands of computers and applications, it opens up the grid to cyber-attacks. The economic impact of a total or even partial failure of the power grid is astronomical and makes a very appealing target to those who wish to cause
Following the frequency distribution and bar graph, further analysis must be done by using the last set of data which is the downtime data. Downtime data is collected in minutes that vary from 10 to 60 minutes. Each occurrence out of the 22 has a certain number of downtime minutes. To make the representations, explanations, calculations and analysis straightforward, the data is taken from the April-Server Downtime table then separated into the 5 cause categories and calculate each categories total downtime before creating representational graphs and charts.
Ice storms can cause power outages, which for any storm, it is pretty common. What makes this storm different and more dangerous from the rest of them is the amount of damage this causes. The glaze that coats the surface also coats of the trees, wires and utility poles. Trees or tree
As a consultant brought into an organization concerned about business continuity I would recommend to first perform a Risk Assessment Analysis and/or Business Impact Analysis (BIA). Conducting a business impact analysis will allow an organization to know the system or application’s downtime tolerance. The analysis will identify all systems and applications that can experience little to no downtime. Conducting risk assessment analysis will allow the organization to identify all the risks at the beginning and during the life of the organization, and grade the risks in terms of likelihood of occurring and seriousness of impact on the organization. Either analysis is an excellent tool and will result in the beginning creations of disaster recovery and business continuity planning. If using the BIA method a good first step is identifying the business’ most crucial systems and processes to assess what effect the outages will have on the business. All systems or applications should have a back-up location offsite to ensure business continuity. The higher the impact the more money a company should spend in order to quickly gain restoration of their business.
Part 2. How Business Analytics can be used to gain advantage in a competitive marketplace
As figure 3 shows that households have a different share of expenditure on energy depending on the income level. For
In recent years there have been more public acknowledgments made in regards to the reality and severity of the threats to our electric power grids. Often times this is being referred to as a “Black Sky Day” (Threats) because it would be devastating. Professor Dr Daniel Baker, has testified before a couple of subcommittees of the US House of Representatives Committee last September and he shared the same concerns that were also shared by R. James Woolsley, who happens to be the chairman for the Foundation for Defense of Democracies. “During that