Particle Swarm Optimization for Total Operating Cost Minimization in Electrical Power System
Engineering and Technology Journal,
2011, Volume 29, Issue 12, Pages 2539-2550
AbstractThis paper presents solution of economic dispatch problem via a particle swarm optimization algorithm (PSO). The objective is to minimize the total generation fuel cost and keep the power flows within the security limits. The PSO is simple in concept, easy in implementation .It does not require any derivative information, sure and fast convergence, Moreover; it is needs less computational time than other heuristic methods. These features increase the applicability of the PSO, particularly in power system applications .The effectiveness of the proposed algorithm is demonstrated on the IEEE 37-bus system and their performances are compared with the results of genetic algorithm (GA). The results show that PSO can converge to optimum solution with higher accuracy in comparison with GA.
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