Distributed optimization algorithm for economic dispatch: A bisectional approach

Title: Distributed optimization algorithm for economic dispatch: A bisectional approach
Creator: Xing, Hao; Fu, Minyue; Lin, Zhiyun
Publisher Link: http://dx.doi.org/10.1016/B978-0-12-816946-9.00007-4
Resource Type: book chapter
Date: 2020
Description: In this chapter, the distributed bisection algorithm (DBA) is presented for the economic dispatch problem in a smart grid scenario, with the goal to minimize the aggregated cost of a network of generators, which cooperatively furnish a given amount of power within their individual capacity constraints. The DBA adopts the method of bisection, and is based on a consensus-like iterative method, with no need for a central decision maker or a leader node. Under strong connectivity conditions and allowance for local communications, it is shown that the iterative solution converges to the globally optimal solution. Furthermore, two stopping criteria are presented for the practical implementation of the proposed algorithm, for which sign consensus is defined.
Subject: bisection; consensus algorithms; distributed optimization; distributed power generation; economic dispatch; smart grid
Identifier: http://hdl.handle.net/1959.13/1481670
Identifier: uon:50767
Identifier: ISBN:9780128169476
Language: eng

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