PVPS component and system reliability engineering works to define the PVPS probability of making the indicated value such as energy or revenue, also at a given statistical confidence level for an estimate. This needs to be assessed properly as an accurate levelized cost of energy (LCOE) results from identifying and acting on a set of quantifiable metrics based upon real measured data of actual plants under the widest variety of real site conditions. In many instances, the use of P numbers (which stands for "percentile") may not be clearly understood and as a result, inappropriate conclusions drawn which have a financial result. P values are used to establish the confidence that one can require to provide the assurance that the item will meet specification. A P50 value, for example, provides that there is a 50 % confidence in the value used in reliability predictions. This value of confidence translates to the median of the population or in other words, it is equivalent to a coin toss on whether the value is valid. It is better to have a higher confidence that the system will work to specification. For reliability metrics, this is typically defined as being a P90 or P95 values. This level of confidence significantly characterizes financial and technical risk plant availability.
All current amendments available at time of purchase are included with the purchase of this document. | File Size : | 1
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, 1.3 MB |
| ISBN(s) : | 9780539129687 |
| Note : | This product is unavailable in Ukraine, Russia, Belarus |
| Number of Pages : | 40 |
| Product Code(s) : | 30412785, 30412785, 30412785 |
| Published : | 07/03/2020 |
