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Stochastic fluid flow model of the operation and maintenance of power generation systems
journal contribution
posted on 2023-05-17, 04:17 authored by Bean, NG, Malgorzata O'ReillyMalgorzata O'Reilly, Jane SargisonJane SargisonA tool to inform strategic decision making on electricity market bidding prices, based on prediction of long-term system operation, degradation, and maintenance, is described. The operation and maintenance of a hydro-power generation system is modeled using a bounded stochastic fluid flow model with special behavior at the boundaries. The stationary distribution for the model and useful time-dependent performance measures are derived. The application potential of the model is illustrated through a practical industry-derived example modeling the operation of a hydro-power generator, in which a number of operation strategies are compared using several performance measures.
History
Publication title
IEEE Transactions on Power SystemsVolume
25Pagination
1361-1374ISSN
0885-8950Department/School
School of Natural SciencesPublisher
Ieee-Inst Electrical Electronics Engineers IncPlace of publication
445 Hoes Lane, Piscataway, USA, Nj, 08855Rights statement
Copyright © 2010 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.”Repository Status
- Restricted