DocumentCode
3048343
Title
Comparing variance reduction techniques for Monte Carlo Simulation of trading and security in a three-area power system
Author
Perninge, Magnus ; Amelin, Mikael ; Knazkins, Valerijs
Author_Institution
Sch. of Electr. Eng., R. Inst. of Technol., Stockholm
fYear
2008
fDate
13-15 Aug. 2008
Firstpage
1
Lastpage
5
Abstract
A variance reduction technique is a method used to reduce the variance of a Monte Carlo simulation. In this paper four of the most commonly used variance reduction techniques are tested to estimate the trade of between trading and security in a three-area electric power system. The comparison is made by regarding both the variance reduction and the bias induced by the method.
Keywords
Monte Carlo methods; power system security; Monte Carlo simulation; three-area power system security; variance reduction techniques; Benchmark testing; Monte Carlo methods; Power system reliability; Power system security; Power system simulation; Random number generation; Sampling methods; Stochastic processes; System testing; Yield estimation;
fLanguage
English
Publisher
ieee
Conference_Titel
Transmission and Distribution Conference and Exposition: Latin America, 2008 IEEE/PES
Conference_Location
Bogota
Print_ISBN
978-1-4244-2217-3
Electronic_ISBN
978-1-4244-2218-0
Type
conf
DOI
10.1109/TDC-LA.2008.4641763
Filename
4641763
Link To Document