Genetic Algorithms in Search, Optimization and Machine Learning
Genetic Algorithms in Search, Optimization and Machine Learning
Comparison between Genetic Algorithms and Particle Swarm Optimization
EP '98 Proceedings of the 7th International Conference on Evolutionary Programming VII
Evolutionary programming techniques for economic load dispatch
IEEE Transactions on Evolutionary Computation
International Journal of Bio-Inspired Computation
A new Chance-Variance optimization criterion for portfolio selection in uncertain decision systems
Expert Systems with Applications: An International Journal
Engineering Applications of Artificial Intelligence
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The paper presents an effective evolutionary method for economic power dispatch. The idea is to allocate power demand to the on-line power generators in such a manner that the cost of operation is minimized. Conventional methods assume quadratic or piecewise quadratic cost curves of power generators but modern generating units have non-linearities which make this assumption inaccurate. Evolutionary optimization methods such as genetic algorithms (GA) and particle swarm optimization (PSO) are free from convexity assumptions and succeed in achieving near global solutions due to their excellent parallel search capability. But these methods usually tend to converge prematurely to a local minimum solution, particularly when the search space is irregular. To tackle this problem ''crazy particles'' are introduced and their velocities are randomized to maintain momentum in the search and avoid saturation. The performance of the PSO with crazy particles has been tested on two model test systems, compared with GA and classical PSO and found to be superior.