New economic dispatch algorithm considering any higher order generation cost functions

Y. H. Moon, J. D. Park, H. J. Kook, Young Hoon Lee

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

In this paper, a new Economic Dispatch (ED) algorithm for Unit Commitment (UC) is proposed to improve both the accuracy of the final solution and the calculation speed of ED. By using the inverse incremental cost functions, ED can be transformed into a simple optimization problem associated with an nth order polynomial equation. The proposed method remarkably reduces the computation time with adaptability to any higher order generation cost functions. The proposed method is tested with sample systems, which shows that the proposed algorithm yields more accurate and economical generation scheduling results with a high computation speed.

Original languageEnglish
Pages (from-to)113-118
Number of pages6
JournalInternational Journal of Electrical Power and Energy System
Volume23
Issue number2
DOIs
Publication statusPublished - 2001 Feb 1

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Cost functions
Economics
Scheduling
Polynomials

All Science Journal Classification (ASJC) codes

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Cite this

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New economic dispatch algorithm considering any higher order generation cost functions. / Moon, Y. H.; Park, J. D.; Kook, H. J.; Lee, Young Hoon.

In: International Journal of Electrical Power and Energy System, Vol. 23, No. 2, 01.02.2001, p. 113-118.

Research output: Contribution to journalArticle

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