2002
DOI: 10.1109/mper.2002.4312377
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Value of Security: Modeling Time-Dependent Phenomena and Weather Conditions

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Cited by 39 publications
(57 citation statements)
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“…al. [26] propose a probabilistic cost/benefit analysis and calculate the expected blackout cost, which they equate with the value of grid security, using Monte Carlo simulations of a power system model that represents the effects of cascading line overloads, hidden failures of the protection system, and power system dynamic instabilities. In this approach the authors replace the complex time-dependent modeling of transient instability with a sophisticated probabilistic modeling using off-line computation of conditional probabilities based on the fault type and its location with respect to the vulnerability region of each generator.…”
Section: Introductionmentioning
confidence: 99%
“…al. [26] propose a probabilistic cost/benefit analysis and calculate the expected blackout cost, which they equate with the value of grid security, using Monte Carlo simulations of a power system model that represents the effects of cascading line overloads, hidden failures of the protection system, and power system dynamic instabilities. In this approach the authors replace the complex time-dependent modeling of transient instability with a sophisticated probabilistic modeling using off-line computation of conditional probabilities based on the fault type and its location with respect to the vulnerability region of each generator.…”
Section: Introductionmentioning
confidence: 99%
“…IEEE and CIGRE have developed task forces working on risk analysis and probabilistic techniques for planning and operation [155,156]. Recently, various domains in risk-based planning have been studied, like power transfer limit [157], weather conditions [158], stability [159], and reserve generation [160]. Preece and Milanovic [159] combined probabilistic and fuzzy inference systems to categorise different degrees of risk, which facilitates the understanding of the planner.…”
Section: System Operationmentioning
confidence: 99%
“…Due to the level of uncertainties exists in an active distribution network, a probabilistic approach is necessary to capture the rational characteristics of large wind farms that can impact the steady-state security. The approach proposed in this paper incorporates non-sequential Monte Carlo simulation to capture uncertainties of operating conditions of an active distribution network [27].…”
Section: The Approachmentioning
confidence: 99%
“…Occurrences of random outages can change the network configuration which leads to re-assess the power balance using A/C power flow solution. Loads are shedded if the operating condition leads to the divergence of the power flow solution [27,33].…”
Section: Monte Carlo Simulationmentioning
confidence: 99%
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