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type i. We denote the rst scheme as “Equal Sampling” and the second as
“Hazard-Based Sampling.” For both of these schemes, we continue to test for
17, 33, and 50 generators. We then use Algorithm 4.1 to determine when we
have converged to a solution and objective function value.
Figure 4.8 displays the computational results when all hazards are con-
sidered. We notice that both sampling schemes need a comparable number
of scenarios to converge. Further, the solutions are similar as can be seen
in Figures 4.9 and 4.10, which show the placement of the generators for the
Equal Sampling and Hazard-Based Sa ...