Handling Uncertainty in HOMER
Brand new to HOMER Pro and trying to better understand what is considered in the calculations.
- Is uncertainty in input parameters taken into consideration during simulations (outside, of course, the explicit sensitivity analysis)?
- If so, then what variables are considered as uncertain?
- Again assuming uncertainty is handled during simulation, does that mean that the subsequent optimization is performed on the Expected Value of Net Present Cost (NPC)?
- Is it possible to get a Cumulative Distribution Function of NPC based on the underlying uncertainty in input parameters for a specific system configuration?
Any resources or insights into the above questions are much appreciated. Thank you for your time!