Frequency of exceedance any peak exceeding is . Its complement, is the probability of exceedance, the probability that has been exceeded at least once by time . This probability can be useful to estimate whether an extreme event will occur during a specified time period, such as the lifespan of a structure or the duration of an operation. If is small, for example for the frequency of a rare event occurring in a short time period, then Under this assumption, the frequency of exceedance is equal to the probability of exceedance per unit time, , and the probability of exceedance can be computed
Per-unit system as base values; power and voltage are typically chosen. All quantities are specified as multiples of selected base values. For example, the base power might be the rated power of a transformer, or perhaps an arbitrarily selected power which makes power quantities in the system more convenient. The base voltage might be the nominal voltage of a bus. Different types of quantities are labeled with the same symbol (pu); it should be clear whether the quantity is a voltage, current, or other unit of measurement. There are several reasons for using a per-unit system: The per-unit system was developed to