Lead-lag compensation is a control strategy used to enhance the stability and performance of dynamic systems by adjusting the phase and gain characteristics of the system's response. This technique combines two types of compensators: lead compensators, which improve system stability by adding phase lead, and lag compensators, which enhance steady-state accuracy without significantly affecting the system's dynamics. By effectively tuning these compensators, engineers can achieve a desired balance between transient response and steady-state performance in power system stabilizers.
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