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The electric power market is restructuring to be price-based and auctions are considered a good pricing mechanism to be used. To assure that the market functions satisfactorily, strictness of guarantee of sellers' deliveries and buyers' receipts must be taken care properly by the central coordinator. This paper proposes market mechanisms for single-class auctions, which specifies the minimum strictness...
Detailed maintenance modeling is indispensable for utilities to determine optimum maintenance policy. Traditional reliability studies assume that transition rates or probabilities in Markov models are accurate. However, in reality, reliability data is either insufficient or mixed with uncertainty. This paper intends to utilize fuzzy set theory to represent parameters for Markov and semi-Markov processes...
This paper presents a reliability assessment of the HVDC converter transformer system (CTS) comparing different component models and configurations. The CTS model is based on the Markov modelling approach, which is shown to be well suited for these relatively small systems. The failure rate data in the models is based on statistical surveys by OGRE. A number of scenarios are calculated in order to...
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