Journal Name:
- International Journal of Innovation and Applied Studies
Key Words:
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Abstract (2. Language):
This paper analyzes different analytical techniques to evaluate the expected cost at the load points and the
system. The analytical techniques vary in their complexity and the data utilized during the evaluation. The information
obtained by using those techniques which is useful to utilities for the better investment in the system. The collection of the
additional data may result in higher investment and operational costs for the utilities. The variation in the expected cost
value using these different techniques may be used in determining the level of accuracy the utility may want and hence
invest in the system. The variation in the results using these techniques may provide some indication of whether the
application of more complex techniques and hence the additional investment costs can be justified.This paper estimates the
variations in ECOST which is obtained from the results using the various analytical techniques. In this paper the techniques
are divided into seven separate cases. The data requirement of the events and interruption costs increases with the increase
in complexity of these techniques. This results in more accurate evaluation of ECOST. However, utilities may face huge
investment and operation costs to collect the additional data. The variation in the results using these techniques may give
indication of whether the application of complex techniques and hence additional investment costs can be justified.
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