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Stochastic fluid flow model of the operation and maintenance of power generation systems


Bean, NG and O'Reilly, MM and Sargison, J, Stochastic fluid flow model of the operation and maintenance of power generation systems, IEEE Transactions on Power Systems, 25, (3) pp. 1361-1374. ISSN 0885-8950 (2010) [Refereed Article]

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DOI: doi:10.1109/TPWRS.2010.2042308


A tool to inform strategic decision making on electricity market bidding prices, based on prediction of long-term system operation, degradation, and maintenance, is described. The operation and maintenance of a hydro-power generation system is modeled using a bounded stochastic fluid flow model with special behavior at the boundaries. The stationary distribution for the model and useful time-dependent performance measures are derived. The application potential of the model is illustrated through a practical industry-derived example modeling the operation of a hydro-power generator, in which a number of operation strategies are compared using several performance measures.

Item Details

Item Type:Refereed Article
Keywords:Markov chains, operation strategies,
Research Division:Mathematical Sciences
Research Group:Statistics
Research Field:Stochastic analysis and modelling
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in the mathematical sciences
UTAS Author:O'Reilly, MM (Associate Professor Malgorzata O'Reilly)
UTAS Author:Sargison, J (Dr Jane Sargison)
ID Code:66489
Year Published:2010
Web of Science® Times Cited:19
Deposited By:Mathematics
Deposited On:2011-01-28
Last Modified:2015-01-27

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