The hybridization of particle swarm optimization (PSO) with simplex search method (SSM) is presented on the problem of economic dispatch in the thermal plants so as to minimizes the overall operating fuel cost while subjected to various constraints. This hybridization of stochastic
with deterministic optimization method helps the global optimum solution to further refine by the local search. It also overcome some of the drawbacks of conventional PSO like premature convergence and stagnation in the solution if the number of iterations are increased. This proposed optimization
method is used to get the overall minimum cost of fuel by including transmission line losses and valve point loading effect (VPLE) in the classical problem of economic dispatch, so as to have the more practical impact in the case considered. The validness of the suggested algorithm is tested
using small scale and large scale system and the analogy of results obtained are done with existing algorithms cited in the literature, showing improvement of 29.3% in small scale system and 6.4% in large scale system, which proves the robustness of the suggested approach.
This paper presents the solution of economic power dispatch (EPD) in thermal power plants using the hybridization of particle swarm optimization (PSO) and simplex search method (SSM). EPD is obtaining the best generating schedule to supply the power demand and covering the transmission losses with minimum overall fuel cost. Physical constraints like valve point loading effects, ramp rate limits and prohibited operating zones are also included with basic EPD problem to increase the practicability in the problem. As PSO performs well in finding the global best solution and SSM in finding the local best solution, thus their combination improves the overall minimum results obtained for the generation fuel cost objective function. The performance of the proposed methodology is tested on different test systems having categories of small-scale, medium-scale and large-scale power system problems. The results obtained are then compared with other reported methods to show the superiority of the proposed algorithm.
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