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

Gerald Thomas Heydt

doi:10.1109/TPWRS.2017.2656019

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

Gerald Thomas Heydt

Research output: Contribution to journal › Article › peer-review

10 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 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	https://doi.org/10.1109/TPWRS.2017.2656019
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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10.1109/TPWRS.2017.2656019

Cite this

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title = "A Probabilistic Cost/Benefit Analysis of Transmission and Distribution Asset Expansion Projects",

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.",

keywords = "Cost/benefit analysis, distribution engineering, engineering management, payback period, transmission engineering",

author = "Heydt, {Gerald Thomas}",

note = "Funding Information: Manuscript received October 5, 2016; accepted January 10, 2017. Date of publication January 19, 2017; date of current version August 17, 2017. This work was supported by the Future Renewable Electric Energy Distribution Management Center under the National Science Foundation under Grant EEC- Publisher Copyright: {\textcopyright} 1969-2012 IEEE.",

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KW - distribution engineering

KW - engineering management

KW - payback period

KW - transmission engineering

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

Abstract

Keywords

ASJC Scopus subject areas

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