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A Probabilistic Production Costing Methodology for Systems with Storage

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2 Author(s)
Sidenblad, Kathleen M. ; Systems Control, Inc. ; Lee, Stephen T.Y.

Using the concept of an Expected Incremental Generation Cost Curve (EIGC), a new probabilistic production cost methodology is presented. This method, somewhat related to the Baleriaux-Booth equivalent load concept, is useful for production costing in both traditional systems and those involving storage. In fact, the probabilistic storage-thermal scheduling problem is shown to reduce to a deterministic scheduling problem easily solved using a linear programming approach.

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Power Apparatus and Systems, IEEE Transactions on  (Volume:PAS-100 ,  Issue: 6 )