Let’s say that we want to simplify the circuit below to an equivalent voltage source and resistor that captures the circuit behavior at the terminals (Thevenin-equivalent circuit).

Since we only care about the terminal behaviour, any of the other circuit details may be simplified. We can apply source transforms in two places:

  • Norton to Thevenin source transform circled in red. This results in voltage sources and resistors all in series, which can be added.
  • Thevenin to Norton transform in green. This results in a parallel-series-parallel configuration, which cannot be early simplified.
  • Therefore, only the red Norton-to-Thevenin transform is applied.

Now, the resulting circuit has 3 resistors and 2 voltage sources in series, which can be added together since we don’t care about the internal details of the circuit.

Finally, a Thevenin to Norton transform places the resulting resistor in parallel with the circuit’s remaining resistor:

The resistors can be combined and a final source transform rearranges the circuit into the final Thevenin equivalent form: