A combined probabilistic and deterministic method for an improved capacity outage probability table synthesis using Monte Carlo methods

• Main Authors: Hashim A.H., Chan S.E.H., Au M.T.
• Other Authors: 24447656300
• Format: Conference Paper
• Published: 2023
• Subjects: Capacity outage table (COPT); Monte-Carlo synthesis; Probability; Reliability; Cost benefit analysis; Outages; Quality assurance; Reliability analysis; Sustainable development; Alternative methods; Capacity outage; Capacity outage probability tables; Computation time; Deterministic methods; Economic costs; Electrical power system; Least cost; MONTE CARLO; N-1 criterion; Outage analysis; Power systems; Probabilistic analysis; Recursive methods; Reliability constraints; Reliability of supply; Monte Carlo methods

An electrical power system is typically operated at least cost given some technical and reliability constraints. To that end, many utilities use deterministic methods such as n-1 criterion in order to ensure reliability. This method though being used worldwide and for a really long time can be expen...