Reliability model for a Static Var Compensator

This paper presents a reliability model of a Static Var Compensator (SVC) using an innovative algorithm based on sequential Monte Carlo simulation and Markov chains. The method employs the equivalent circuit of a SVC and takes the failure rate and repair time of each component as input in order to compute the failure rate and repair time of the whole SVC system. The specific contribution of this investigation is that it presents a mathematical pathway to model operating conditions of a SVC subject to individual operating states of its components, resulting in a comprehensive reliability model.