Stochastic and Statistical Analysis of Utility Revenues and Weather Data Analysis for Consumer Demand Estimation in Smart Grids

@inproceedings{Ali2016StochasticAS,
  title={Stochastic and Statistical Analysis of Utility Revenues and Weather Data Analysis for Consumer Demand Estimation in Smart Grids},
  author={Said Mohammed Ali and Chaudhry Arshad Mehmood and Badruddin Khan and Mohammed Jawad and U. Farid and Jabran Khan Jadoon and Moazzam Ali and Naureen Tareen and Saqib Usman and Mokhtar Majid and S. M. Rakibul Anwar},
  booktitle={PloS one},
  year={2016}
}
In smart grid paradigm, the consumer demands are random and time-dependent, owning towards stochastic probabilities. The stochastically varying consumer demands have put the policy makers and supplying agencies in a demanding position for optimal generation management. The utility revenue functions are highly dependent on the consumer deterministic stochastic demand models. The sudden drifts in weather parameters effects the living standards of the consumers that in turn influence the power… CONTINUE READING
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