Short-Term Availability, Performability and Reliability Analysis for Power Systems

In this chapter we present applications of LZ-transform method to power system short-term analysis. Below will be considered availability and performability assessment for coal fired power units as well as for combine cycle units. By using inverse LZ-transform for coal fired power plant will be also presented short-term risk function and reliability evaluation and estimating of mean time to failure. It will be shown how these parameters may be used in power system dispatch for important operating decisions making in real time.