If all that you wish to do is detect a high and low DC voltage condition, then a window comparator circuit will do. If you have an AC signal then some rectification and envelope following low pass filtering followed by the window comparator will work. For the delay alarm circuitry, a simple retrigeable one shot circuit like a 555 will work fine. Now if instead your looking for regulation of incoming power, then purchasing a UPS will be much cheaper and more practical than designing your own version.
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