Solution of Economic Load Dispatch

Problem by Stock Exchange Algorithm

Muhammad Murtaza
15F-MS-EE-07
Dr. Aftab Ahmad
Professor, EED

Department of Electrical Engineering

Problem Statement

 Economic Dispatch (ED) is one of the major power

system operational problem
 ED is the short-term determination of the optimal output
for given units within limits
 ED is highly non-linear and multi-constrained
optimization problem
 In this work a novel Stock Exchange Algorithm (SEA) will
be used to solve ED problem. The proposed algorithm
will be mapped in MATLAB environment and tested on
standard test systems available in the literature.

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Aims & Objectives

 Aim

Investigation of Economic Dispatch problem with Stock

Exchange Algorithm (SEA).
 Objectives
 SEA technique will be implemented in MATLAB
 Investigation of SEA technique for convex and non-
convex problem
 The proposed algorithm will be tested and validated on
6,13 and 15 standard test system available in literature

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Literature Review
Challenges & Avenue
 ED is non-linear, non-convex with multi objective and
multi constrained optimization problem
 Evolutionary approaches or artificial intelligence (AI)
techniques have been developed for the solution of
these problem
 Aim of this research is to implement novel Stock
Exchange Algorithm (SEA) to solve ED problem. This
algorithm is inspired by the stock market in which the
shareholders buy and sell any types of shares under
different market conditions.

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Literature Review
a) Cutting Edge Research Papers
 Moumita Pradhan et al. [1] presented Grey Wolf Optimization
(GWO) algorithm for convex and non-convex ED problem
 D. C. Secui [2] proposed a modified artificial bee colony (ABC)
based on chaos theory for solving multi-objective economic dispatch
problem
 M. M-Delshad and N. A Rahim [3] provide the Backtracking Search
Algorithm (BSA) for solving both convex and non-convex ED
problem with less computational time.
 James J.Q et al. [4] proposed a modified Social Spider Algorithm
(SSA) and is enhanced to adopt to the unique characteristics of ELD
problems e.g., valve-point effects, multi-fuel operations, prohibited
operating zones,
a) Base Paper
 N. Ghorbani, E. Babaei. [5] applied SEA on Economic Load
Dispatch.
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Methodology of Research

 Design

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Methodology of Research

 Experimental Setup
Stock Exchange Algorithm will be implemented using
MATLAB Software

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Methodology of Research

 Method of Analysis
Minimize
𝑛

𝐹𝑇 = ෍ 𝐹𝑖 𝑃𝑖
𝑖=1
Subjected To

1. σ𝑛𝑖=1 𝑃𝑖 = 𝑃𝐷 + 𝑃𝐿𝑜𝑠𝑠 Power Balance

2. 𝑃𝑚𝑖𝑛,𝑖 ≤ 𝑃𝑖 ≤ 𝑃𝑚𝑎𝑥,𝑖 Generator Limits Constraint

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Methodology of Research

 Method of Analysis

 Convex

𝐹𝑖 (𝑃𝑖 ) = 𝑎𝑖 + 𝑏𝑖 𝑃𝑖 + 𝐶𝑖 𝑃𝑖2

 Non Convex

𝐹𝑖 (𝑃𝑖 ) = 𝑎𝑖 + 𝑏𝑖 𝑃𝑖 + 𝐶𝑖 𝑃𝑖2 + 𝑒𝑖 × sin 𝑓𝑖 𝑃𝑚𝑖𝑛,𝑖 + 𝑃𝑖

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Methodology of Research

 Expected Results
Expected outcome of this research is to get possible
minimum fuel cost by using proposed technique and it is
hope that Results will be improved.

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Methodology of Research

 Comparison of Results
The results obtained from proposed technique will be
compared with recent results available in the literature.

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Utilization of Research Results

 Results of this research can be utilized for further

research in postgraduate studies.

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References
[1] M. Pradhan, P. K. Roy, and T. Pal, “Grey wolf optimization applied
to economic load dispatch problems,” International Journal of
Electrical Power & Energy Systems, vol. 83, pp. 325-334, 2016.
[2] D. C. Secui, “A new modified artificial bee colony algorithm for the
economic dispatch problem,” Energy Conversion and Management,
vol. 89, pp. 43-62, 2015.
[3] M. Modiri-Delshad and N. A. Rahim, “Solving non-convex economic
dispatch problem via backtracking search algorithm,” Energy, vol.
77, pp. 372-381, 2014.
[4] James J.Q.Yu, and Victor O.K.Li, “A social spider algorithm for
solving the non-convex economic load dispatch problem,”
Neurocomputing, vol.171, pp. 955-965, 2016
[5] N. Ghorbani, E. Babaei. “Exchange market algorithm for economic
load dispatch”, Electrical Power and Energy Systems, vol. 75, pp.19-
27, 2016
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Q&A

Thank you

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