Preview

Monte Carlo Simulation Case Study

Powerful Essays
Open Document
Open Document
1274 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Monte Carlo Simulation Case Study
The use of DG can be defined as an alternative to expand the capacity of the electrical system supply is being considered around the world. The use of small generating units, connected in a dispersed way at distribution/sub-transmission systems, can bring benefits to consumers and utilities, especially in places where there is deficiency of the electric energy transport system. However, the uncertainties involved in the planning and operation of system become bigger with the presence of DG. The impact of DG on reliability of electric systems depends mainly on two aspects:
• The operational model of DG and the purpose of its connection to the system
• The energy source in which the DG unit is based

The source of energy including the
…show more content…
The first is the analytical technique which requires a series of mathematical calculations with an approximation in the case of a complex system. In this thesis, Monte Carlo Simulation (MCS) has been proposed for the purpose of reliability evaluation of the distribution network containing renewable distributed generation which is a simulative technique. The MCS is widely used in power system studies such as probabilistic power flow, economic dispatch and reliability evaluations [12], [13]. Evaluation of distribution system reliability based on Monte Carlo Simulation is one the well-known method in complex non-linear systems. This technique and method gets more information on the load point and system reliability index in comparison to the other method which is analytical method. Because of the uncertainty of both wind turbine and photovoltaic output power, it is not easy to use the analytical method to evaluate the reliability of a system compromising these recourses. However, the output power of WT and PV can be predicted by generating a large number of scenarios in desired time. Therefore, by applying MCS to simulate the output power of Wind Turbine and Photo Voltaic could be used to facing with complexities of another method which is analytical

You May Also Find These Documents Helpful

  • Good Essays

    Simulation Review Paper

    • 846 Words
    • 4 Pages

    Cecilia McDaniel also gives a choice of two option plans to cover the shortfall, and propose the best decision following the analyzing impact on the cash flow statements of the hospital.…

    • 846 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Simulation

    • 3434 Words
    • 10 Pages

    It is Thursday, May 18, 1988. Your assignment is to help Sprigg Lane Natural Resources evaluate the risks associated with a potential investment in the "Bailey Prospect," a natural gas opportunity in Doddridge County, West Virginia. Your colleague, Lisa Weatherford has done a thorough base-case analysis and constructed a spreadsheet model that you can use in your analysis. You and Lisa are financial analysts at Sprigg Lane Investment Corporation.…

    • 3434 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Simulation models becomes a trend topic for describing the real system. Model is the simplification of the real world. (Pidd, 2003) states the model is representation of the part of reality which the people wish to understand, change, manage, and control it. Simulation is used to know the behavior of the real system. (Forrester, 1961) states the simulation consists of tracing through the flows of orders, goods, and information actually then observing the sequences of new decisions. Adams et al. (1999), process simulation can be used to support several key steps in the continuous improvement process. To be most effective, simulation models should be developed that apply continuous improvement concepts.…

    • 327 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Lawrence Simulation

    • 1680 Words
    • 7 Pages

    References: Emery, D. R., Finnerty, J. D., & Stowe, J. D. (2007). Corporate financial management [University of Phoenix Custom Edition eBook]. Morristown, NJ: Wohl…

    • 1680 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Diffusion of innovations theory concepts that are represented in the Diffusion Simulation Game include progressive adoption stages, adopter types, opinion leaders, and gatekeepers (Lara, Myers, Frick, Aslan, & Michaelidou, 2010). The problem of how to best get people to adopt an innovation should be particularly familiar to those interested in technology start-ups. Perhaps a version of the game could be created to help people learn about diffusion of innovations theory in an entrepreneurial context.…

    • 112 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    When I saw the problem, I first thought it was not going to be possible to solve. Meaning; that I would not solve this problem without more information. When I sent the cat over first the mouse and dog did not fight by their selves. Then whenever I sent the dog or mouse over, they would fight with the cat. I even thought about leaving the cat on the existing shore and trying to move the mouse and dog, and found that the cat fought with them there on the existing shore. My thoughts then were that there had to be a trick to this. I had a conceptual block and knew there was something else to the problem that was not mentioned in the writing [ (Morris & Maisto, 2002) ].…

    • 676 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Overview of Simulation

    • 1912 Words
    • 17 Pages

    This PowerPoint presentation was prepared by Professor Timothy Luehrman for the sole purpose of aiding classroom instructors in the use of Finance Simulation: M&A in Wine…

    • 1912 Words
    • 17 Pages
    Satisfactory Essays
  • Satisfactory Essays

    When I was interpreting the problem I was trying to look at the whole picture. When in all reality I should have been breaking down the problem into sections so I could concentrate on the issue at hand. I will have to admit that shook my head allot over this because it was hard to look outside the box, as one might want to say. The goal was to get all three animals to the other side of the river without any of them being harmed by one of the other animals. The cat would eat the mouse if left alone, or the dog and the cat would fight if left alone. The strange part was the mouse and the dog could not be left on the other side of the bank either.…

    • 717 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Throughout the late 19th century a group of men held control over the economy of the United States. This group consisted of men who were beyond wealthy. They owned almost every facet of the economy through monopolism and other practices that are not considered legal. With the government of the time partaking in what is called laissez faire capitalism, these men were allowed to begin building what could be considered an empire without federal interference. Notable examples of such men included under the title of robber barons were Cornelius Vanderbilt, Andrew Carnegie, J.P. Morgan, John D. Rockefeller, Jay Gould, Jim Fisk, and Russel Sage along with many others. (McNamara)…

    • 673 Words
    • 3 Pages
    Good Essays
  • Good Essays

    simulation

    • 813 Words
    • 3 Pages

    1. What did you observe in inventory and back order levels when you play the game in uncoordinated and coordinated modes? What are the underlying reasons for the problems associated with uncoordinated decision-making? Based on the results you found in the previous part, list the potential benefits of coordination. (max 0.75 page)…

    • 813 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Simulation Review

    • 538 Words
    • 3 Pages

    Unrestricted cash and Cash Equivalents /Cash Operation Expenses ÷ No. of Days in Period (365)…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Simulation

    • 318 Words
    • 2 Pages

    B. The number of patients treated every week and the waiting time for each patient…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The Simulation Project

    • 3678 Words
    • 15 Pages

    Doing Business in Costa Rica: 2012 Country Commercial Guide for U.S. Companies. (2012, December 30). Retrieved from The Department of Commerce: http://www.buyusainfo.net/docs/x_1853591.pdf…

    • 3678 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Cuckoo Search Case Study

    • 856 Words
    • 4 Pages

    A multi-objective probabilistic method to solve the Volt/Var control problem in distribution system with high wind power penetration [28]. A probabilistic load flow approach using Point Estimate Method (PEM) is employed to model the uncertainty in load demands and electrical power generation of WFs. To regard the operational and economic assessment of system containing WFs and FCPPs, different objective functions have been taken into account. Maheri et al. [108] proposed two algorithms for multi objective optimization in wind-PV-diesel generator based system. In one scenario, most reliable system was created under cost constraint and in second scenario, the most cost-effective system was obtained under reliability constraint. Abbes et al. [85]developed 120 Pareto optimal set for PV–wind based integrated system and choose a configuration that fulfills 95% of residential electricity needed. Tant et al. [109]proposed a multi-objective optimization method in SPV with battery energy storage systems and applied the proposed system in the public low-voltage distribution grid. They also presented the isocost trade-off curves between the objectives of peak shaving and voltage control. Moura et al.…

    • 856 Words
    • 4 Pages
    Good Essays