Title :
A continuous, distribution approach for production costing
Author :
Singh, C. ; Kim, J.O.
Author_Institution :
Dept. of Electr. Eng., Texas A&M Univ., College Station, TX, USA
fDate :
8/1/1994 12:00:00 AM
Abstract :
In this paper, a new approach to approximate the equivalent load duration curve (ELDC) and evaluate the production cost by using a multi-parameter distribution is presented. The parameters of this distribution can be determined from the hourly load and generating unit data. A new more efficient algorithm for determining the parameters is also introduced. The results obtained from the proposed Gram-Charlier and the recursive method are reported for several cases to compare the efficiency and accuracy
Keywords :
costing; economics; electric power generation; Gram-Charlier; continuous distribution approach; economics; equivalent load duration curve; expexted unserved energy; generating unit data; hourly load data; multi-parameter distribution; production costing; recursive method; Continuous production; Convolution; Costing; Costs; Economic forecasting; Power generation economics; Power system economics; Power system planning; Production planning; Production systems;
Journal_Title :
Power Systems, IEEE Transactions on
