A new methodology to evaluate loss of load cost (LOLC) indices in composite generation and transmission systems is presented. The proposed approach is based on a combination of pseudo-sequential, state transition and conditional Monte Carlo simulation techniques. The approach can be easily implemented and it only requires models with stationary Markov transitions. Case studies with the IEEE Modified Reliability Test System and the Brazilian Southeastern System are presented and discussed.
No takes yet. Share an insight, caveat, or question.
Mello et al. (1997) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: