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In this article, a novel multilevel Monte Carlo (MLMC) simulation approach is applied for large distribution systems reliability evaluation. Basic Monte Carlo simulation (MCS) can be effectively used in this purpose. However, main limitation of MCS is the huge computational cost when a large sample size is needed for a high accuracy. The MLMC method reduces the variance of MCS and speeds up its computational...
The paper proposes a new time sequential multilevel Monte Carlo (MLMC) method for estimating distribution system reliability. Usually, the reliability indices of a distribution system are accurately assessed by sequential Monte Carlo simulation (MCS). A disadvantage of sequential MCS is the computational burden which may be prohibitive for achieving a high accuracy. The aim of the proposed method...
Hybrid energy systems are becoming attractive for providing electricity in remote areas due to excessive expenditure of grid extension, increase in oil price and advances in renewable energy technology. Optimal sizing of components can reduce the cost of hybrid systems. This article illustrates the size optimization of solar-wind-diesel generator-battery hybrid system designed for a remote location...
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