Comparing Variance Reduction Techniques for Monte Carlo Simulation of Trading and Security in a Three-Area Power System
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 (Refereed)
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.
, IEEE/PES Transmission and Distribution Conference and Exposition - Latin America, Bogota, COLOMBIA, AUG 13-15, 2008
Monte Carlo Simulation, Power systems, Variance reduction techniques, Variance reductions, Commerce, Electric generators, Electric power transmission networks, Power transmission
Other Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-31242DOI: 10.1109/TDC-LA.2008.4641763ISI: 000263861200076ScopusID: 2-s2.0-67650466865ISBN: 978-1-4244-2217-3OAI: oai:DiVA.org:kth-31242DiVA: diva2:405635
IEEE/PES Transmission and Distribution Conference and Exposition - Latin America
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QC 201103232012-01-312011-03-112012-01-31Bibliographically approved