Power system operation in the era of post-restructuring faces several challenges: transmission congestion frequently occurs, security is deterred more than in the past, emission reduction is becoming a matter of importance and intermittent renewable power generation resources (RPGR) have been widely promoted. This paper intends to solve these challenges in a multi-objective optimisation framework. The proposed procedure comprises two stages: in the a priori stage, transmission congestion management cost (TCMC) and emission are traded-off via a proposed stochastic augmented e-constraint technique which yields a set of non-dominated solutions. In the a posteriori stage, a solution is selected by considering power system security. For this purpose, two strategies are proposed: in the first strategy, based on a proposed managerial vision, a combination of data envelopment analysis introduced by Charnes, Cooper, and Rhodes (CCR-DEA), cross-efficiency technique and robustness analysis is deployed to select the most robust super-efficient solution. The advantage of the proposed a posteriori approach is that selecting the final solution is not subjected to assigning weights to the objective functions and/or providing higher-level information. In the second strategy, first the effective scenarios due to outage of transmission components are identified using CCR-DEA and next, each scenarios’ degree of severity (DOS) is obtained using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS). The sums of the DOS of non-dominated solutions’ effective scenarios are evaluated for final decision making. The proposed approach is applied to IEEE 24 bus test system and the results are analysed.

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