Determine the mean and variance of generation reallocation


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Q: An article in Electric Power Systems Research ["On theSelf-Scheduling of a Power Producer in Uncertain Trading Environments"(2008, Vol. 78(3),)] considered a selfschedulingapproach for a power producer. In addition to priceand forced outages, another uncertainty was due to generationreallocations to manage congestions. Generation reallocationwas modeled as 110X -60 (with range [-60,50] MW/h) whereX has a beta distribution with parameters a = 3.2 and ß = 2.8. Determine the mean and variance of generation reallocation.

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Basic Statistics: Determine the mean and variance of generation reallocation
Reference No:- TGS02026452

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