Reliability and Rationing Cost in a Power System

N. Vijayamohanan Pillai (vijayamohan@cds.ac.in)

Working Papers from eSocialSciences

Abstract: An attempt is made to analyse the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead of the conventional marginalist approach of welfare economics. The study is substantiated by fitting a normal distribution to the daily internal maximum demand of the Kerala power system during 1995-96, and also by estimating, based on the techno-economic parameters of different types of power plants, the rationing costs implied in different reliability target criteria [WP No. 325].

Keywords: Reliability; rationing cost; maximum demand; normal distribution; power supply (search for similar items in EconPapers)
Date: 2007-06
Note: Institutional Papers
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