1 AIT Asian Institute of Technology

multi-objective Economic Dispatch by Stochastic Weight Trade-off particle Swarm optimization

AuthorSaksorn Chalermchaiarbha
NoteA dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Engineering in Energy, School of Environment, Resources and Development
PublisherAsian Institute of Technology
AbstractThis dissertation proposes particle swarm optimization for solving single- and multiobjective economic dispatch problems. For a single-objective economic problem, a stochastic weight trade-off particle swarm optimization (SWT_PSO) is proposed for solving non-convex economic dispatch. The main concept of the proposed SWT_PSO is to preserve the balance between global exploration and local exploitation along the optimization process to improve the algorithm’s search capabilities. The balance is retained through trading off stochastic weights amongst previous velocity momentum, cognitive and social components together with using dynamic acceleration coefficients trade-off. Moreover, mechanisms for increasing diversity of swarm members are also incorporated to avoid premature convergence. In addition, a novel stochastic trade-off momentum control factor is exploited to enhance the capability of refining quality of a candidate solution during the late search process. The proposed SWT_PSO is tested on four economic dispatch test systems. Test results demonstrate that the proposed approach yielding better solution quality than the best reported results in the literature for all test systems. For a multi-objective economic dispatch problem, an elitist multi-objective particle swarm optimization (EMPSO) is proposed. The EMPSO utilizes the SWT_PSO to generate the possible Pareto-optimal solutions and fuzzy multi-attribute decision making (FMADM) to handle three main tasks including maximizing the diversity of Pareto-optimal solutions, limiting the number of Pareto-optimal solutions to predetermined size as well as extracting the best compromise solution. Capabilities of diversifying the Pareto-optimal solutions through the FMADM mechanism with three other widely used mechanisms including random, fitness sharing-cum-niching and strength Pareto dominance-based mechanisms are compared on both bi- and tri- objective optimization problems. All three mechanisms have used the same proposed EMPSO for a fair comparison. The simulation results of several optimization runs indicate that the FMADM mechanism could yield a better distributed Pareto front, wider extension range, and faster computing time than those obtained from its three counterparts. Moreover, the best compromise solution obtained from the proposed approach yields a good trade-off characteristic. In summary, the proposed SWT_PSO could effectively provide a high solution quality of non-convex economic dispatch in a fast computing manner. Consequently, SWT_PSO is potentially viable for online implementation. As for the proposed EMPSO, it is a robust algorithm yielding the Pareto fronts with good uniformity as well as high diversity characteristics. In addition, the best compromise solution obtained from the FMADM possesses the good trade-off characteristic. As a result, the proposed EMPSO is a promising approach to the multi-objective economic dispatch problem.
Year2014
TypeDissertation
SchoolSchool of Environment, Resources, and Development (SERD)
DepartmentDepartment of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC))
Academic Program/FoSEnergy and Environment (EE)
Chairperson(s)Weerakorn Ongsakul;
Examination Committee(s)Manukid Parnichkun;Singh, Jai Govind;Bansal, Ramesh ;
Scholarship Donor(s)HM Queen Sirikit Scholarship – AIT Fellowship;


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