A recursive approach to calculating derivatives of production cost and reliability of generation system

S. L. Chen, Hong-Tzer Yang

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Production cost (PC) and reliability of generation system can be evaluated by probabilistic production simulation. The derivatives of PC and reliability refer to the changes of simulation results due to marginal variation of a specific system parameter, which may be an hourly load level, or the unit capacity (UC) or forced outage rate (FOR) of a generating unit. A recursive computational procedure derived from the cumulant method for efficiently calculating these derivatives is proposed. The procedure is applicable to the derivatives with respect to load, UC or FOR. Moreover, the procedure could handle any number of cumulants without additional theoretical development or software implementation effort. The general accuracy of this procedure and three applications are presented.

Original languageEnglish
Pages (from-to)358-367
Number of pages10
JournalIEEE Transactions on Energy Conversion
Volume4
Issue number3
DOIs
Publication statusPublished - 1989 Jan 1

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Derivatives
Outages
Costs

All Science Journal Classification (ASJC) codes

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Cite this

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A recursive approach to calculating derivatives of production cost and reliability of generation system. / Chen, S. L.; Yang, Hong-Tzer.

In: IEEE Transactions on Energy Conversion, Vol. 4, No. 3, 01.01.1989, p. 358-367.

Research output: Contribution to journalArticle

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