Title :
Cost justification of the new Ohio Edison Company´s energy management system
Author :
Jamshidi, A. ; Stein, E.C. ; Hoveida, B. ; Robinson, J.T.
Author_Institution :
Ohio Edison Co., OH, USA
Abstract :
A systematic method for analyzing alternative strategies that the Ohio Edison (OE) Company used during the feasibility study of its energy management system (EMS) is discussed. A key element in the requirements study of an EMS is determining the value of not only the present system, but also of several feasible alternatives in terms of present worth dollars. The term value represents the difference between a system´s benefits (or the loss of those benefits) and its cost. When the values of various alternatives are compared over time with that of the existing system, the most cost-effective point for system replacement can be accurately defined along with the best alternative
Keywords :
economics; load management; power system computer control; value engineering; EMS; USA; cost justification; economics; energy management system; feasibility study; power system computer control; value; Automatic generation control; Computer interfaces; Control systems; Costs; Energy management; Microwave generation; Power generation; Processor scheduling; Radio control; Substations;
Conference_Titel :
Power Industry Computer Application Conference, 1991. Conference Proceedings
Conference_Location :
Baltimore, MD
Print_ISBN :
0-87942-620-9
DOI :
10.1109/PICA.1991.160627
