Monte-Carlo Simulation

The expected increase in the presence of electric vehicles raises numerous questions regarding their impact on the market relations. …

In the first chapter, an overview of the structure of the distribution system, its components, and the role of the distribution system …

This paper presents a general model—based on the Monte Carlo simulation—for the estimation of power system uncertainties and associated …

Presence of solar energy driven power sources has been increasing with remarkable trends in recent years. Such growth is mostly related …

One of the major difficulties introduced with wind power penetration is the inherent uncertainty in production originating from …

One of the major difficulties introduced with wind power penetration is the inherent uncertainty in production originating from …

In this paper, the basic financial risks in the development of the wind farm project were discussed. The construction project of a wind …

Power system design issues require stochastic simulation methods in order to derivate synthetic time series for the stochastic source …

The variability of wind power production poses the greatest challenge in the integration of large scale wind power in power systems. …