Probabilistic SpareEquipment Analysis

Chapter 11 presents probabilistic spare analysis techniques for off-line and on-line equipment in power systems, including: Spare analysis based on reliability criteria Spare analysis using a probabilistic cost method, including the failure cost model, unit failure cost estimation, annual investment cost model, present value approach and procedure of spare analysis An example of showing how to determine the number and timing of spare transformers The second example of demonstrating how to determine redundancy level of on-line 500 kV reactors