2015 IEEE Innovative Smart Grid Technologies - Asia (ISGT ASIA) 2015
DOI: 10.1109/isgt-asia.2015.7387137
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Optimal design of stand-alone microgrid resources based on proposed Monte-Carlo simulation

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Cited by 14 publications
(12 citation statements)
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“…It is important to specify the initial amount of PEVs' SOCs. Monte-Carlo approach is conducted to model the PEVs' travel behaviors under uncertainties [22]. Monte-Carlo is applied to produce different scenarios based on the input variables such as arrival and departure time, initial SOCs derived from travel distance, and the type of vehicle in order to get battery characteristics.…”
Section: Modeling Load Demand Price and Wind Speed Uncertaintiesmentioning
confidence: 99%
“…It is important to specify the initial amount of PEVs' SOCs. Monte-Carlo approach is conducted to model the PEVs' travel behaviors under uncertainties [22]. Monte-Carlo is applied to produce different scenarios based on the input variables such as arrival and departure time, initial SOCs derived from travel distance, and the type of vehicle in order to get battery characteristics.…”
Section: Modeling Load Demand Price and Wind Speed Uncertaintiesmentioning
confidence: 99%
“…In recent years, MDP appears to be a promising mathematical formulation of the optimizing microgrid operation problem [63,64]. A number of studies clearly demonstrate the effectiveness of energy microgrids management using MDP-based methods: dynamic programming [65,66], deep RL [55,56,58,67], and Monte Carlo models [57,68].…”
Section: Microgrid Mdp-based Environment Simulatormentioning
confidence: 99%
“…Probability density functions (PDF) were used to characterize the stochastic behavior of wind speed. The wind speed over a predefined time period was estimated using a Weibull PDF [55].…”
Section: Wind Turbinementioning
confidence: 99%
“…Silvente et al [50] used the RHC approach to analyze uncertainty in both energy generation and demand. Monte Carlo simulation (MCS) has been widely used to evaluate the reliability of a microgrid by generating data from fixed probability distributions of stochastic variables, such as wind speed, solar irradiance, customer demands, and others [51][52][53][54][55].…”
mentioning
confidence: 99%