Chapter 1
† Incremental production cost involes cost of land, cost of maintenance, cost of equipment, cost of installation, cost of wages etc. Since it is cumbersome to obtain these values seperately, these are normally taken as a percentage of incremental fuel cost.
Chapter 2
† Initial value of ‘λ’ should be selected in such a way that its value is slightly greater than the highest constant value present in the given incremental production cost, so that we get a faster convergence.
Get Power System Operation and Control now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
