DocumentCode
1181515
Title
Spreadsheet approach to production costing-case study for a municipal utility
Author
Delson, Jerome K. ; Feng, Xiaoming ; Smith, William C.
Volume
4
Issue
3
fYear
1989
fDate
8/1/1989 12:00:00 AM
Firstpage
965
Lastpage
973
Abstract
A case study is presented of a municipal utility using electronic spreadsheets for production costing. The data are used as a testbed for comparing alternative techniques for handling forced outages, including Monte Carlo methods, probability generating functions, and an enumerative approach. The spreadsheet models are validated by comparison with an established mainframe program, EPRI´s BENCHMARK. The results demonstrate clearly the importance of modeling economy sales on the spot market in assessing the overall costing performance of utilities
Keywords
Monte Carlo methods; economics; electricity supply industry; probability; spreadsheet programs; BENCHMARK; Monte Carlo methods; economics; electricity supply industry; electronic spreadsheets; forced outages; models; probability generating functions; production costing; utility; Consumer electronics; Costing; Marketing and sales; Power generation; Power generation economics; Power system simulation; Production; Spreadsheet programs; Testing; Uncertainty;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/59.32586
Filename
32586
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