Evaluation of reliability worth in composite systems based on pseudo-sequential Monte Carlo simulation

This work describes a new methodology for calculating total system interruption costs in composite generation and transmission systems. The proposed approach, called pseudo-sequential simulation, is based on the nonsequential Monte Carlo sampling of system states and on the chronological simulation of only the sub-sequences associated with failed states. Case studies with the IEEE Modified Reliability Test System (MRTS) and a 415-bus system derived from the Brazilian Southeastern region are presented and discussed.>