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Value-based reliability planning (VBRP) has been a well-established theoretical concept in the utility industry for over 30 years. However, few utilities have implemented this planning framework because customer interruption cost estimates - a key input for VBRP - have not been readily available, especially for rural electric entities that do not have the resources to conduct an in-depth customer...
A robust methodology for estimating the value of service reliability improvements is presented. Although econometric models for estimating value of service (interruption costs) have been established and widely accepted, analysts often resort to applying relatively crude interruption cost estimation techniques in assessing the economic impacts of transmission and distribution investments. This paper...
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