11th International Conference on Electrical Power Quality and Utilisation 2011
DOI: 10.1109/epqu.2011.6128956
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Economic cost evaluation of time varying voltage dips

Abstract: With the development of modern electricity equipment, voltage dips may bring more and more economic losses, which need a proper method of evaluation. In this paper, a time varying quality loss function, utilizing the Tobit model, is used to predict economic losses due to voltage dips. This quality loss function is more flexible and closer to practical situation.

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Cited by 4 publications
(2 citation statements)
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References 11 publications
(25 reference statements)
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“…Previous studies have been undertaken to relate the evaluation of economic costs of these phenomena by proposing weighting factors [8,19,26,27]. According to the logic presented by McGranaghan and Roettger [26], the cost of the momentary interruptions are accepted as the base with a base factor of 1.0.…”
Section: Equivalence Factorsmentioning
confidence: 99%
See 1 more Smart Citation
“…Previous studies have been undertaken to relate the evaluation of economic costs of these phenomena by proposing weighting factors [8,19,26,27]. According to the logic presented by McGranaghan and Roettger [26], the cost of the momentary interruptions are accepted as the base with a base factor of 1.0.…”
Section: Equivalence Factorsmentioning
confidence: 99%
“…Another failure risk assessment study for modeling the voltage susceptibility for the industrial processes is provided by Chan et al [7]. A study by Lin et al [8] adopted the Tobit model to estimate economic losses due to voltage sags. On the other hand, monitoring stands as the best way of recording the characteristics of events and then calculating the corresponding Customer Voltage Sag Costs (CVSCs).…”
Section: Introductionmentioning
confidence: 99%