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Comparing Variance Reduction Techniques for Monte Carlo Simulation of Trading and Security in a Three-Area Power System
KTH, School of Electrical Engineering (EES), Electric Power Systems.
KTH, School of Electrical Engineering (EES), Electric Power Systems.ORCID iD: 0000-0001-6000-9363
KTH, School of Electrical Engineering (EES), Electric Power Systems.
2008 (English)In: 2008 IEEE/PES TRANSMISSION AND DISTRIBUTION CONFERENCE AND EXPOSITION: LATIN AMERICA, VOLS 1 AND 2, IEEE , 2008, 461-465 p.Conference paper, Published paper (Refereed)
Abstract [en]

A variance reduction technique is a method used to reduce the variance of a Monte Carlo Simulation. In this paper four of the most commonly used variance reduction techniques are tested to estimate the trade of between trading and security in a three-area electric power system. The comparison is made by regarding both the variance reduction and the bias induced by the method.

Place, publisher, year, edition, pages
IEEE , 2008. 461-465 p.
Series
IEEE/PES Transmission and Distribution Conference and Exposition - Latin America, Bogota, COLOMBIA, AUG 13-15, 2008
Keyword [en]
Monte Carlo Simulation, Power systems, Variance reduction techniques, Variance reductions, Commerce, Electric generators, Electric power transmission networks, Power transmission
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-31242DOI: 10.1109/TDC-LA.2008.4641763ISI: 000263861200076Scopus ID: 2-s2.0-67650466865ISBN: 978-1-4244-2217-3 (print)OAI: oai:DiVA.org:kth-31242DiVA: diva2:405635
Conference
IEEE/PES Transmission and Distribution Conference and Exposition - Latin America
Note
© 2008 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. QC 20110323Available from: 2012-01-31 Created: 2011-03-11 Last updated: 2012-01-31Bibliographically approved

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Amelin, Mikael

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