Adequate performance evaluation of different shortudterm reliability management approaches and criteria is crucialudin order to convince transmission system operators to substituteudor complement the currently used N-1 criterion with more effi-udcient, alternative approaches. This paper qualitatively comparesudexisting evaluation techniques. These techniques are also appliedudin other contexts, such as reliability assessment, which haveudsimilarities with performance evaluation, but differ in someudcrucial aspects. Evaluation techniques typically make a trade-offudbetween accuracy, complexity and computational burden. Easyto-use,udnon-sequential, analytical state enumeration techniquesudcan be useful to obtain indicative results. More computationallyudintensive, sequential simulation techniques are on the other handudbetter suited for in depth analysis, as they allow to take intoudaccount the dynamic character of the decision making processudunder evaluation. Emulation seems promising from a theoreticaludperspective, but handling the complex, multi-dimensional natureudof short term reliability management is a challenge.
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