Economic Load Dispatch using Lambda Iteration, Particle Swarm Optimization & Genetic Algorithm

Abstract

Abstract: In economic load dispatch problem scheduling of loads is done in order to achieve reliable power supply with reduced costs. With the increase in load demand with each passing year energy crisis is increasing hence an area of study where fuel costs can be reduced was proposed. This can be achieved using various methods among which the methods discussed in this paper are Lambda Iteration, Particle Swarm Operation and Genetic Algorithm. Based on numerical results the best optimization technique can be figured out among the discussed methods. Keywords: Lambda Iteration, PSO, GA, economic load dispatch, optimization solutions