Stochastic production cost simulation |
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Authors: | Arthur M Breipohl Fred N Lee Jia-Yo Chiang |
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Abstract: | This paper describes a method of simulating the annual operational cost of an electrical power system. The significant aspects of this simulation method are: the method of simulation is chronological; the uncertainty of unit availability is modeled; and fuel/emission constraints are adaptively met (i.e. next week's fuel allocation is adjusted to account for past fuel usage and emissions). |
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