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Combined with risk indices of comprehensive reliability assessment and economic assessment theory, there may be trade-off between system installations cost and power interruption cost in the competitive power market environment. To coordinate reliability and economy, this paper proposed an overall framework of optimal reliability algorithm for bulk power system based on total owning cost (TOC). Interruption...
The three-parameter Weibull distribution is a commonly-used distribution for the study of reliability and breakage data. However, given a data set, it is difficult to estimate the parameters of the distribution and that, for many reasons: (1) the equations of the maximum likelihood estimators are not all available in closed form. These equations can be estimated using iterative methods. However, (2)...
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