Described herein are improvements for a power system by operating the power system using updated performance characteristics for a protection device. In one example, a method includes operating the power system based on a first operational curve for a first protection device of the one or more protection devices. The first operational curve indicates conditions upon which the first protection device will trip. The method also provides obtaining trip information describing conditions that cause the first protection device to trip at each of one or more trip occurrences during operation of the power system. The method further provides adjusting the first operational curve to generate an adjusted first operational curve that reflects the trip information and operating the power system based on the adjusted first operational curve.