Abstract
The electric power industry often uses cost/benefit analysis to evaluate system expansion projects. This letter discusses a probabilistic formulation of cost/benefit analysis to incorporate uncertainty in the data used for these studies. A Gaussian statistical model is used and an example is shown relating to distribution engineering.
| Original language | English (US) |
|---|---|
| Article number | 7827122 |
| Pages (from-to) | 4151-4152 |
| Number of pages | 2 |
| Journal | IEEE Transactions on Power Systems |
| Volume | 32 |
| Issue number | 5 |
| DOIs | |
| State | Published - Sep 2017 |
Keywords
- Cost/benefit analysis
- distribution engineering
- engineering management
- payback period
- transmission engineering
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering
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