The impact of risk modeling accuracyon cost-benefit analysis of distribution system reliability

17th Power Systems Computation Conference, PSCC 2011

Volumn , Issue , 2011, Pages

  Alvehag, Karin ^a   Söder, Lennart ^a  

^a ROYAL INSTITUTE OF TECHNOLOGY   (Sweden)

Author keywords

Cost benefit analysis; Distribution system reliability; Monte Carlo simulations; Risk analysis

Indexed keywords

COST EFFECTIVENESS; COSTS; INTELLIGENT SYSTEMS; INVESTMENTS; MONTE CARLO METHODS; RELIABILITY; RELIABILITY ANALYSIS; RISK ANALYSIS; RISK ASSESSMENT;

COST BENEFIT ANALYSIS METHODS; CUSTOMER INTERRUPTION COSTS; DISTRIBUTION SYSTEM RELIABILITY; EXPECTED VALUES; INPUT VARIABLES; RISK STRATEGIES; TIME DEPENDENT FAILURE; TIME SEQUENTIAL MONTE CARLO SIMULATION;

COST BENEFIT ANALYSIS;

EID: 84943738118     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (21)

1. J. Sloman, Economics, 3rd ed. Prentice Hall Europe, 1999.
2. G. Wacker and R. Billinton, "Customer cost of electric service interruptions," Proceedings of the IEEE, Vol. 77, pp. 919-930, 1989.
3. A. Chowdhury and D. Koval, "Current practices and customer value-based distribution system reliability planning," IEEE Trans. Ind. Applicat., Vol. 40, pp. 1174-1182, 2004.
4. R. Brown, Electric power distribution reliability, 2nd ed. Boca Raton: CRC Press, 2009.
5. Council of European Energy Regulators (CEER), "Third benchmarking report on quality of electricity supply," Tech. Rep., 2005.
6. A. A. Chowdhury and D. O. Koval, "Value-based distribution system reliability planning," IEEE Trans. Ind. Applicat., Vol. 34, pp. 23-29, 1998.
7. T.-F. Tsao and H.-C. Chang, "Comparative case studies for value-based distribution system reliability planning," Electric Power Systems Reasearch, Vol. 68, pp. 229-237, 2004.
8. R.-L. Chen, K. Allen, and R. Billinton, "Value-based distribution reliability assessment and planning," IEEE Trans. Power Delivery, Vol. 10, pp. 421-429, 1995.
9. P. Wang and R. Billinton, "Time sequential distribution system reliability worth analysis considering time varying load and cost models," IEEE Trans. Power Delivery, Vol. 14, pp. 1046-1051, 1999.
10. R. Billinton and W. Wangdee, "Estimating customer outage costs due to a specific failure event," IEE Proc. Gener. Transm. Distrib., Vol. 150, pp. 668-672, 2003.
11. G. Kjølle, K. Samdal, and K. Breeke, "Incorporating short interruptions and time dependency of interruption costs in continuity of supply regulation," in Proc. CIRED2009, 2009.
12. L. Larsson, S. Lindskoug, and M. Linden, "Characteristics of electricity consumption during cold weather," Elforsk, Tech. Rep. 06:62 2006, Only available in Swedish.
13. K. Alvehag and L. Söder, "A reliability model for distribution systems incorporating seasonal variations in severe weather," IEEE Trans. Power Delivery, Vol. 26 (2), pp. 910-919, 2011.
14. T. F. Nas, Cost-benefit analysis: Theory and application. Sage Publications, 1996.
15. K. J. Arrow and R. C. Lind, "Uncertainty and the evaluation of public investment decisions," The American Economic Review, Vol. 60, pp. 364-378, 1970.
16. C. S. Tapiero, Risk and Financial Management: Mathematical and Computational Methods. Chichester: Johan Wiley & Sons Ltd, 2004.
17. A. J. McNeil, R. Frey, and P. Embrechts, Quantitative Risk Management. Princeton University Press, 2005.
18. M. J. Ueda, O. Engblom, and K. Alvehag, "Representative test system for Swedish distribution networks," in Proc. CIRED2009, 2009.
19. SIKA, "Review of cost benefit calculation - methods and valuations in the transport sector," Tech. Rep. 2002:4 2002.
20. EBR, "Cost catalogue for distribution systems 0.4-24 kv," http://www.ebr.nu/, Retrieved October 12, 2010.
21. F. Carlsson and P. Martinsson, "Interruption costs - A study of Swedish electricity consumers," Elforsk, Tech. Rep. 06:15, 2006, Only available in Swedish.