Jco. Mello et al., EFFICIENT LOSS-OF-LOAD COST EVALUATION BY COMBINED PSEUDO-SEQUENTIAL AND STATE TRANSITION SIMULATION, IEE proceedings. Generation, transmission and distribution, 144(2), 1997, pp. 147-154
A new methodology to evaluate loss of load cost (LOLC) indices in comp
osite generation and transmission systems is presented. The proposed a
pproach is based on a combination of pseudo-sequential, state transiti
on and conditional Monte Carlo simulation techniques. The approach can
be easily implemented and it only requires models with stationary Mar
kov transitions. Case studies with the IEEE Modified Reliability Test
System and the Brazilian Southeastern System are presented and discuss
ed.