Effect of Partial Outage Representation on the Statistical Properties of Loss=of-Load Probability Estimates

Abstract

Using a three-state Markov model to represent the available capacity of a generating unit, this paper examines the statistical properties of the Loss-of-Load Probability (LOLP) estimates of a system consisting of n such identical units. It is assumed that the units are observed for a total time of T units and the durations of each capacity state within this… (More)

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