The risk assessment of power transformer equipment can not only improve the safety and management level of transformer operation, but also reduce the operation and maintenance costs of the equipment on the basis of ensuring the overall reliable operation of the power system. As a result, it can enhance the rewards of assets investment. The quantitative analysis of power equipment risk often contains qualitative indicators that are difficult to quantify. These indicators have the characteristics of fuzziness. In order to improve the accuracy and reliability of risk assessment results, this paper proposed a new risk evaluation method based on intuitionistic fuzzy set. Firstly, language variables are transformed into corresponding intuitionistic fuzzy numbers. Secondly, a novel entropy of intuitionistic fuzzy set is established. Thirdly, a weighting method for determining each expert’s importance is proposed based on the new propose entropy. Furthermore, an extended preference selection index is put forward under intuitionistic fuzzy environment. Finally, an example of the risk assessment of power transformer components is discussed to illustrate the effectiveness of the new risk evaluation method.
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