Adelaide Research & Scholarship
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https://hdl.handle.net/2440/36844
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| Type: | Conference paper |
| Title: | Developing a model to silmulate least economic cost evaluation of transmission expanison investment |
| Author: | Marais, R. Estment, R. Zivanovic, R. |
| Citation: | Proceedings of the Ninth International Conference on Probabilistic Methods Applied to Power Systems June 11-15, 2006 |
| Publisher: | IEEE |
| Publisher Place: | United States |
| Issue Date: | 2006 |
| ISBN: | 978-91-7178-585-5 |
| Conference Name: | International Conference on Probabilistic Methods Applied to Power Systems (9th : 2006 : Stockholm, Sweden) |
| Statement of Responsibility: | Marais, Ronald ; Estment, Roy ; Zivanovic, Rastko |
| Abstract: | Transmission planning can broadly be categorized into deterministic and probabilistic reliability planning. The probabilistic approach is often preferred as it aims to reduce transmission supply costs, by sharing risk between the customer and the utility. This is done by determining the least economic cost (LEC) between the customer interruption cost (CIC) and capital investment required to improve the network reliability. However performing a LEC evaluation requires substantially more variables than deterministic evaluation. This paper analyses the LEC methodology and develops a simulation model to perform probabilistic least economic cost evaluations. © Copyright KTH 2006. |
| DOI: | 10.1109/PMAPS.2006.360330 |
| Published version: | http://dx.doi.org/10.1109/pmaps.2006.360330 |
| Appears in Collections: | Aurora harvest 6 Electrical and Electronic Engineering publications |
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