“…• opportunity cost of wind power shortage & surplus [9] • cost of environmental benefit loss [9] • expected penalty cost for not using all available wind power [10] • expected cost of calling up power reserves because of wind power shortage [10] • risk due to expected energy not supplied (EEENS) and total operating costs [11] • location marginal prices, and reserve costs [11] • minimizing losses within the wind farm and the HVDC transmission system and maximizing production output [12] • voltage regulation of the electrical grid to which farms are connected [13] The proposed approaches for handling the uncertainty of wind power generation are summarized as follows: Monte Carlo [9], triangular approximate distribution (TAD) [11], scenario based modeling [14], [15].…”