Monte Carlo computation of power generation production costs under operating constraints

IEEE Transactions on Power Systems

Volumn 16, Issue 4, 2001, Pages 671-677

  Valenzuela, Jorge ^a   Mazumdar, Mainak ^b  

^a AUBURN UNIVERSITY   (United States)

^b PA 15260   (United States)

Author keywords

Monte Carlo; Production costs; Simulation; Unit commitment; Variance reduction

Indexed keywords

COMPUTER SIMULATION; COST BENEFIT ANALYSIS; ELECTRIC FREQUENCY MEASUREMENT; ELECTRIC NETWORK PARAMETERS; MARKOV PROCESSES; MONTE CARLO METHODS; OPERATIONS RESEARCH;

MARKOV MODEL; POWER GENERATION PRODUCTION COST; STOCHASTIC PARAMETERS;

ELECTRIC POWER GENERATION;

EID: 0035506624     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/59.962412     Document Type: Article

References (14)

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5. Derivation of the Baleriaux formula of expected production costs based on chronological load considerations
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8. Stochastic models for power generation system production costs
9. Effect of frequency and duration of generating unit outages on distribution of system production costs
10. Batch size effects in the analysis of simulation output
11. An analytical formula for the mean and variance of marginal costs for a power generation system