A Probabilistic Cost/Benefit Analysis of Transmission and Distribution Asset Expansion Projects

Research output: Contribution to journalArticle

3 Scopus citations

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 languageEnglish (US)
Article number7827122
Pages (from-to)4151-4152
Number of pages2
JournalIEEE Transactions on Power Systems
Volume32
Issue number5
DOIs
StatePublished - Sep 1 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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