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Economic dispatch using particle swarm optimization: A review

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  • Mahor, Amita
  • Prasad, Vishnu
  • Rangnekar, Saroj

Abstract

Electrical power industry restructuring has created highly vibrant and competitive market that altered many aspects of the power industry. In this changed scenario, scarcity of energy resources, increasing power generation cost, environment concern, ever growing demand for electrical energy necessitate optimal economic dispatch. Practical economic dispatch (ED) problems have nonlinear, non-convex type objective function with intense equality and inequality constraints. The conventional optimization methods are not able to solve such problems as due to local optimum solution convergence. Meta-heuristic optimization techniques especially particle swarm optimization (PSO) has gained an incredible recognition as the solution algorithm for such type of ED problems in last decade. The application of PSO in ED problem, which is considered as one of the most complex optimization problem has been summarized in present paper.

Suggested Citation

  • Mahor, Amita & Prasad, Vishnu & Rangnekar, Saroj, 2009. "Economic dispatch using particle swarm optimization: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 2134-2141, October.
    • Handle: RePEc:eee:rensus:v:13:y:2009:i:8:p:2134-2141
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    12. Santhosh, Apoorva & Farid, Amro M. & Youcef-Toumi, Kamal, 2014. "Real-time economic dispatch for the supply side of the energy-water nexus," Applied Energy, Elsevier, vol. 122(C), pages 42-52.
    13. Shehab Al-Sakkaf & Mahmoud Kassas & Muhammad Khalid & Mohammad A. Abido, 2019. "An Energy Management System for Residential Autonomous DC Microgrid Using Optimized Fuzzy Logic Controller Considering Economic Dispatch," Energies, MDPI, vol. 12(8), pages 1-25, April.
    14. Moghaddam, Amjad Anvari & Seifi, Alireza & Niknam, Taher, 2012. "Multi-operation management of a typical micro-grids using Particle Swarm Optimization: A comparative study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1268-1281.
    15. Shahbaz Hussain & Mohammed Al-Hitmi & Salman Khaliq & Asif Hussain & Muhammad Asghar Saqib, 2019. "Implementation and Comparison of Particle Swarm Optimization and Genetic Algorithm Techniques in Combined Economic Emission Dispatch of an Independent Power Plant," Energies, MDPI, vol. 12(11), pages 1-15, May.
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    17. Kheshti, Mostafa & Ding, Lei & Ma, Shicong & Zhao, Bing, 2018. "Double weighted particle swarm optimization to non-convex wind penetrated emission/economic dispatch and multiple fuel option systems," Renewable Energy, Elsevier, vol. 125(C), pages 1021-1037.
    18. Beigvand, Soheil Derafshi & Abdi, Hamdi & La Scala, Massimo, 2017. "Economic dispatch of multiple energy carriers," Energy, Elsevier, vol. 138(C), pages 861-872.
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    22. Fatma Yaprakdal & Mustafa Baysal & Amjad Anvari-Moghaddam, 2019. "Optimal Operational Scheduling of Reconfigurable Microgrids in Presence of Renewable Energy Sources," Energies, MDPI, vol. 12(10), pages 1-17, May.
    23. Pezzini, Paola & Gomis-Bellmunt, Oriol & Sudrià-Andreu, Antoni, 2011. "Optimization techniques to improve energy efficiency in power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 2028-2041, May.
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