Quantitative evaluation of the marginal outage costs associated with generating systems involves, among other things, the construction of a model of the system capacity outages. This model is inherently discrete and ...

Reliability worth assessment is an important factor in power system planning and operation. An equally important issue is how to use customer costs of electric supply interruptions as surrogates to appropriately quantify ...

This paper describes a methodology based on quantitative power system reliability evaluation for calculating the marginal outage costs of generating systems. The proposed method involves the calculation of the incremental ...

Monte Carlo simulation can be used to provide an attractive alternate approach to direct analytical evaluation in generating system adequacy studies. The simulation approach provides the ability to relax some of the ...

This paper presents a fornialized and p ra c t i ca I iii a r gi n a I outage costs in generating systems for the piirposes of spot pricing. The proposed iiictliod Involves cstiniating tlic economic costs incurred by ...

Crude oil (CO) and natural gas (NG) play an important role in the world economy. The Arab countries (ACs) share 64% of the total oil reserves and 40% of the NG reserves [OPEC, 2003. The Annual Statistical Bulletin]. On the ...

An essential step in the reliability evaluation of a power system containing Wind Energy Conversion Systems (WECS) using sequential Monte Carlo analysis is to simulate the hourly wind speed. This paper presents two different ...

This paper introduces a simple method to enable the selection of the most appropriate wind turbine for given sites in which the values of the Weibull shape parameter k and scale parameter c are known. T he matching between ...