Modelling and Simulation of Power Grid Engineering Project based on System Dynamics on the Background of Smart Grid

Power grid engineering project has the features of dynamics and complexity on the background of smart grid. Firstly, the modelling method based on System Dynamics is proposed. Secondly, on the basis of defined key factors and their mutual relations, a dynamic model with the fundamental structure of casual loop and stock-flow diagrams is built according to complex and dynamic nature of the project. Then this model is used to simulate the management process of the power grid engineering project. The simulation results shows that System Dynamics model can be used efficiently in modelling and optimization of power grid engineering project management for its clear causality, suitable complexity and exact describe characteristics.