Title :
Approximate confidence bounds on Monte Carlo simulation results for energy production
Author_Institution :
Ontario Hydro Res., Toronto, Ont., Canada
fDate :
2/1/1989 12:00:00 AM
Abstract :
Computer programs for electric energy production based on the Monte Carlo simulation technique are discussed. A method for estimating confidence bounds on simulation results is proposed. These confidence bounds are expressed as functions of the outage parameters of generating units and can be easily calculated. The method can also be used to determine the number of simulation realizations needed to achieve a specified degree of precision, which can result in savings in computing time and cost
Keywords :
Monte Carlo methods; digital simulation; electric power generation; power engineering computing; Monte Carlo simulation; confidence bounds; electric energy production; energy production; outage parameters; Capacity planning; Computational modeling; Computer simulation; Costs; Discrete event simulation; Mathematical model; Power system modeling; Power system planning; Production planning; Production systems;
Journal_Title :
Power Systems, IEEE Transactions on
