2018
DOI: 10.24200/sci.2018.50910.1909
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An intelligent model to predict the day-ahead deregulated market clearing price: a hybrid NN, PSO and GA approach

Abstract: Under restructuring of electric power industry and changing traditional vertically integrated electric utility structure to competitive, market clearing price (MCP) prediction models are essential for all generation company (GenCos). In this paper, a hybrid model is presented to predict hourly

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Cited by 7 publications
(6 citation statements)
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“…It can be seen that particle swarm optimization pays more attention to the overall optimization ability. However, PSO algorithm also has some problems, such as premature convergence and easy to fall into local extremum, which are mainly attributed to the loss of population diversity in search space, and PSO algorithm does not have crossover and mutation operations, while the crossover mutation operation of genetic algorithm can better ensure population diversity (Barroso et al , 2016; Benvidi et al , 2017; Asadnia et al , 2017; Ji et al , 2017; Li et al , 2018; Xi et al , 2019; Khan et al , 2019; Ostadi et al , 2019).…”
Section: Establishment Of Prediction Modelmentioning
confidence: 99%
“…It can be seen that particle swarm optimization pays more attention to the overall optimization ability. However, PSO algorithm also has some problems, such as premature convergence and easy to fall into local extremum, which are mainly attributed to the loss of population diversity in search space, and PSO algorithm does not have crossover and mutation operations, while the crossover mutation operation of genetic algorithm can better ensure population diversity (Barroso et al , 2016; Benvidi et al , 2017; Asadnia et al , 2017; Ji et al , 2017; Li et al , 2018; Xi et al , 2019; Khan et al , 2019; Ostadi et al , 2019).…”
Section: Establishment Of Prediction Modelmentioning
confidence: 99%
“…GA is a heuristic algorithm of random search, which denotes the biological evolution. Such algorithms have been successfully used in solving hard optimization problems, those for which the steepest ancestry techniques go through local minima or remain incapable due to the complications [55]. Processing of numerical dataset for getting information is a tedious and computationally complex task because of the nature of the data.…”
Section: Genetic Algorithm (Ga)mentioning
confidence: 99%
“…To predict the future, forecasting, various methods have been developed such as time series [2][3] [4], econometrics [5] [6] [7], artificial intelligence [8][9] [10], grey forecasting model [11] [12] [13], and simulation [14] [15] [16] and among them econometrics is the most common one. However, econometrics suffers from some limitations; i.e., the true model for any given data is unknown and the formulated model depends on static parameters that need to be estimated from data [17].…”
Section: Introductionmentioning
confidence: 99%