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

Jong Hoon Han; Gilsoo Jang

doi:10.1109/TD-ASIA.2009.5356978

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

Jong Hoon Han, Gilsoo Jang

School of Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference 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 language	English
Title of host publication	Transmission and Distribution Conference and Exposition
Subtitle of host publication	Asia and Pacific, T and D Asia 2009
DOIs	https://doi.org/10.1109/TD-ASIA.2009.5356978
Publication status	Published - 2009 Dec 16
Event	Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009 - Seoul, Korea, Republic of Duration: 2009 Oct 26 → 2009 Oct 30

Publication series

Name	Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009

Other

Other	Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009
Country/Territory	Korea, Republic of
City	Seoul
Period	09/10/26 → 09/10/30

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

Access to Document

10.1109/TD-ASIA.2009.5356978

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 Article 5356978 (Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009). https://doi.org/10.1109/TD-ASIA.2009.5356978

Probabilistic life cycle cost analysis of custom power devices for voltage sags and interruptions mitigation. / Han, Jong Hoon; Jang, Gilsoo.
Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009. 2009. 5356978 (Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Han, JH & 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, Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009, Seoul, Korea, Republic of, 09/10/26. https://doi.org/10.1109/TD-ASIA.2009.5356978

@inproceedings{e6f5d7a6a01d42758eadf71a068a67e4,

title = "Probabilistic life cycle cost analysis of custom power devices for voltage sags and interruptions mitigation",

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.",

keywords = "Life cycle cost, Mitigation, Net present value, Power quality, Probabilistic analysis, Voltage sag and interruption",

author = "Han, {Jong Hoon} and Gilsoo Jang",

year = "2009",

month = dec,

day = "16",

doi = "10.1109/TD-ASIA.2009.5356978",

language = "English",

isbn = "9781424452309",

series = "Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009",

booktitle = "Transmission and Distribution Conference and Exposition",

note = "Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009 ; Conference date: 26-10-2009 Through 30-10-2009",

}

TY - GEN

T1 - Probabilistic life cycle cost analysis of custom power devices for voltage sags and interruptions mitigation

AU - Han, Jong Hoon

AU - Jang, Gilsoo

PY - 2009/12/16

Y1 - 2009/12/16

N2 - 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.

AB - 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.

KW - Life cycle cost

KW - Mitigation

KW - Net present value

KW - Power quality

KW - Probabilistic analysis

KW - Voltage sag and interruption

UR - http://www.scopus.com/inward/record.url?scp=76249094077&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=76249094077&partnerID=8YFLogxK

U2 - 10.1109/TD-ASIA.2009.5356978

DO - 10.1109/TD-ASIA.2009.5356978

M3 - Conference contribution

AN - SCOPUS:76249094077

SN - 9781424452309

T3 - Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009

BT - Transmission and Distribution Conference and Exposition

T2 - Transmission and Distribution Conference and Exposition: Asia and Pacific, T and D Asia 2009

Y2 - 26 October 2009 through 30 October 2009

ER -

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

Abstract

Publication series

Other

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this