Cost-benefit analysis of electric power system reliability
Tinnium, K.N.; Rastgoufard, P.; Duvoisin, P.F.
System Theory, 1994., Proceedings of the 26th Southeastern Symposium on
Volume , Issue , 20-22 Mar 1994 Page(s):468 - 472
Digital Object Identifier 10.1109/SSST.1994.287831
Summary:The purpose of this investigation is to determine an appropriate
cost-benefit formula that will help the power system planners in
prioritizing transmission system projects. This paper deals with
describing the value of increased reliability and security in bulk power
systems. Three different approaches used for prioritization of
transmission system projects by the electric utilities are discussed and
analyzed for two different transmission system alternatives. Utilizing
the best approach, transmission alternatives are prioritized and the
best alternative is placed on top of the prioritized table. An analysis
of the three approaches and a relative comparison is performed on the
IEEE 25 bus Reliability Test System. TRELSS (Transmission Reliability
Evaluation of Large Scale Systems), a software package developed by
EPRI, is utilized in determining the probabilistic indices that are used
in the proposed approach
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