Probabilistic life cycle cost analysis of custom power devices for voltage sags and interruptions mitigation

Jong Hoon Han, Gilsoo Jang

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Selection of custom power device for sags and interruptions mitigation has been a challenge in the utility and customer for many years. It usually depends on technical and economic characteristics of the device. Nevertheless, most mitigation method is selected by rule of thumb or empirical method. In this paper, the life cycle cost analysis is performed using either the deterministic or probabilistic approach. The difference between a deterministic and a probabilistic cost analysis approach is illustrated with five different case studies. The probabilistic cost analysis approach using Monte Carlo simulation which is powerful for iterative process provides comprehensive and alternative results.

Original languageEnglish
Title of host publicationTransmission and Distribution Conference and Exposition
Subtitle of host publicationAsia and Pacific, T and D Asia 2009
DOIs
Publication statusPublished - 2009 Dec 16
EventTransmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009 - Seoul, Korea, Republic of
Duration: 2009 Oct 262009 Oct 30

Publication series

NameTransmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009

Other

OtherTransmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009
CountryKorea, Republic of
CitySeoul
Period09/10/2609/10/30

Keywords

  • Life cycle cost
  • Mitigation
  • Net present value
  • Power quality
  • Probabilistic analysis
  • Voltage sag and interruption

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Fuel Technology

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  • Cite this

    Han, J. H., & Jang, G. (2009). Probabilistic life cycle cost analysis of custom power devices for voltage sags and interruptions mitigation. In Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009 [5356978] (Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009). https://doi.org/10.1109/TD-ASIA.2009.5356978