Devising a New Method for Economic Dispatch Solution and Making Use of Soft Computing Techniques to Calculate Loss Function

Abstract

This paper has a description of a new method which is designed for the economic dispatch problem of power system. This method demonstrates a new technique for calculating loss in the economic dispatch problem. This technique can be utilized for online generation of solution by using soft computing methods to find out loss function in the solution. A new method to find out the loss function using two new parameters is described here. Fuzzy sets and genetic algorithm are used to find a penalty term based on the values of these two parameters. Thus, all the calculations required to accommodate loss function in the solution of economic dispatch are presented here. The algorithm for the new proposed system is presented in this paper.