• Title/Summary/Keyword: Economic constraint

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A New Constraint Handling Method for Economic Dispatch

  • Li, Xueping;Xiao, Canwei;Lu, Zhigang
    • Journal of Electrical Engineering and Technology
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    • v.13 no.3
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    • pp.1099-1109
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    • 2018
  • For practical consideration, economic dispatch (ED) problems in power system have non-smooth cost functions with equality and inequality constraints that makes the problems complex constrained nonlinear optimization problems. This paper proposes a new constraint handling method for equality and inequality constraints which is employed to solve ED problems, where the incremental rate is employed to enhance the modification process. In order to prove the applicability of the proposed method, the study cases are tested based on the classical particle swarm optimization (PSO) and differential evolution (DE) algorithm. The proposed method is evaluated for ED problems using six different test systems: 6-, 15-, 20-, 38-, 110- and 140-generators system. Simulation results show that it can always find the satisfactory solutions while satisfying the constraints.

Analysis on a Power Transaction with Fuel-Constrained Generations in an Electricity Market (연료제약 발전기를 고려한 전력거래 해석기법 연구)

  • 이광호
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.8
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    • pp.484-489
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    • 2004
  • When the energy resource available to a particular plant (be it coal, oil, gas, water, or nuclear fuel) is a limiting factor in the operation of the plant, the entire economic dispatch calculation must be done differently. Each economic dispatch calculation must account for what happened before and what will happen in the future. This paper presents a formulation and a solution method for the optimization problem with a fuel constraint in a competitive electricity market. Take-or- Pay (TOP) contract for an energy resource is the typical constraint as a limiting factor. Two approaches are proposed in this paper for modeling the dispatch calculation in a market mechanism. The approaches differ in the subject who considers and inserts the fuel-constraint into its optimization problem. Market operator and each power producer having a TOP contract are assumed as such subjects. The two approaches are compared from the viewpoint of profits. surplus. and social welfare on the basis of Nash Equilibrium.

Opposition Based Differential Evolution Algorithm for Dynamic Economic Emission Load Dispatch (EELD) with Emission Constraints and Valve Point Effects

  • Thenmalar, K.;Ramesh, S.;Thiruvenkadam, S.
    • Journal of Electrical Engineering and Technology
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    • v.10 no.4
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    • pp.1508-1517
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    • 2015
  • Optimal Power dispatch is the short-term decision of the optimal output of a number of power generation facilities, to meet the system demand, with the objective of Power dispatching at the lowest possible cost, subject to transmission lines power loss and operational constraints. The operational constraint includes power balance constraint, generator limit constraint, and emission dispatch constraint and valve point effects. In this paper, Opposition based Differential Evolution Algorithm (ODEA) has been proposed to handle the objective function and the operational constraints simultaneously. Furthermore, the valve point loading effects and transmission lines power loss are also considered for the efficient and effective Power dispatch. The ODEA has unique features such as self tuning of its control parameters, self acceleration and migration for searching. As a result, it requires very minimum executions compared with other searching strategies. The effectiveness of the algorithm has been validated through four standard test cases and compared with previous studies. The proposed method out performs the previous methods.

Feasible Power Exchange between Russia and ROK Power Systems

  • Kim Jong-Yul;Lee Seung-Ryul;Yoon Jae-Young;Kim Ho-Yong
    • KIEE International Transactions on Power Engineering
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    • v.5A no.3
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    • pp.221-227
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    • 2005
  • This paper evaluates minimum and maximum power exchange considering economic and technical characteristics between Russia and ROK. First, we evaluate minimum power exchange to assure the economic feasibility by comparison with the total cost and benefit of the interconnected line. For evaluating maximum exchange power, system constraints are considered, which are examined through load flow and dynamic analysis by using the PSS/E program. As a result of these evaluations, we suggest the reasonable range of power exchange between ROK and Russia considering economic and technical constraints with the interconnection scenario that power system interconnection between ROK and Russia will be realized in the year 2010.

Multi-Area Economic Dispatch Considering Environmental Emission and Transmission Losses (연계 계통에서의 환경적 배출량과 손실을 고려한 최적 경제급전)

  • Choi, Seung-Jo;Rhee, Sang-Bong;Kim, Kyu-Ho;You, Seok-Ku
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.341-343
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    • 2000
  • Traditionally electric power system are operated in such a way that the total fuel cost is minimized regardless of accounting for tie-lines transmission constraint and emissions produced. But tie-lines transmission and emissions constraint are very important issues in the operation and planning of electric power system. This paper presents the Two-Phase Neural Network(TPNN) to solve the Economic Load Dispatch (ELD) problem with tie-lines transmission and emissions constraint considering transmission losses. The transmission losses are obtained from the B-coefficient which approximate the system losses as s quadratic function of the real power generation. By applying the proposed algorithm to the test system, the usefulness of this algorithm is verified.

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A Direct Utility Model with Dynamic Constraint

  • Kim, Byungyeon;Satomura, Takuya;Kim, Jaehwan
    • Asia Marketing Journal
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    • v.18 no.4
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    • pp.125-138
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    • 2017
  • The goal of the study is to understand how consumers' constraint as opposed to utility structure gives rise to final decision when consumers purchase more than one variant of product at a time, i.e., horizontal variety seeking or multiple-discreteness. Purchase and consumption decision not only produces utility but also involves some sort of cognitive pressure. Past consumption or last purchase is likely to be linked to this burden we face such as concern for obesity, risk of harm, and guilt for mischief. In this research, the existence and the role of dynamic constraint are investigated through a microeconomic utility model with multiple dynamic constraint. The model is applied to the salty snacks data collected from field study where burden for spiciness serves as a constraint. The results are compared to the conventional multiple discreteness choice models of static constraints, and policy implications on price discounts is explored. The major findings are that first, one would underestimate the level of consumer preference for product offerings when ignoring the carry-over of the concern from the past consumption, and second, the impact of price promotion on demand would be properly evaluated when the model allows for the role of constraint as both multiple and dynamic. The current study is different from the existing studies in two ways. First, it captures the effect of 'mental constraint' on demand in formal economic model. Second, unlike the state dependence well documented in the literature, the study proposes the notion of state dependence in different way, via constraint rather than utility.

Policy research and energy structure optimization under the constraint of low carbon emissions of Hebei Province in China

  • Sun, Wei;Ye, Minquan;Xu, Yanfeng
    • Environmental Engineering Research
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    • v.21 no.4
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    • pp.409-419
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    • 2016
  • As a major energy consumption province, the issue about the carbon emissions in Hebei Province, China has been concerned by the government. The carbon emissions can be effectively reduced due to a more rational energy consumption structure. Thus, in this paper the constraint of low carbon emissions is considered as a foundation and four energies--coal, petroleum, natural gas and electricity including wind power, nuclear power and hydro-power etc are selected as the main analysis objects of the adjustment of energy structure. This paper takes energy cost minimum and carbon trading cost minimum as the objective functions based on the economic growth, energy saving and emission reduction targets and constructs an optimization model of energy consumption structure. And empirical research about energy consumption structure optimization in 2015 and 2020 is carried out based on the energy consumption data in Hebei Province, China during the period 1995-2013, which indicates that the energy consumption in Hebei dominated by coal cannot be replaced in the next seven years, from 2014 to 2020, when the coal consumption proportion is still up to 85.93%. Finally, the corresponding policy suggestions are put forward, according to the results of the energy structure optimization in Hebei Province.

Economic Design of Reliable Networks Using Scatter Search (Scatter Search를 이용한 신뢰성 있는 네트워크의 경제적 설계)

  • Lee, Han-Jin;Yum, Chang-Sun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.31 no.1
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    • pp.101-107
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    • 2008
  • This paper considers a topological optimization of a computer network design with a reliability constraint. The objective is to find the topological layout of links, at minimal cost, under the constraint that the network reliability is more than a given reliability. To efficiently solve the problem, a scatter search approach is proposed. Two illustrative examples are used to explain and test the proposed approach. Experimental results show evidence that the proposed approach performs more efficiently for finding a good solution or near optimal solution in comparison with a genetic algorithm approach.

Factors Influencing Leisure Satisfaction Among Elderly with Economic Burden and Health Problems: Focusing on Leisure Activities (경제적 부담과 건강 문제를 겪는 노인들의 여가만족 요인에 관한 연구: 여가활동을 중심으로)

  • Hong, Seokho
    • 한국노년학
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    • v.40 no.1
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    • pp.197-216
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    • 2020
  • This study aimed to suggest leisure activities and policy-level support in the light of the characteristics and needs among the elderly by examining constraint factors of leisure activities among the elderly. Data of 3887 elderly with the age of 65 and above with economic burden and health problems from the 6th Korean Retirement and Income study were used for the statistical analyses. Hierarchical linear models were tested by entering factors stepswise; demographic factors(age, gender, marriage status, single household, region, living expenses, health status) in the first step, leisure factors(leisure time, leisure motivation) in the second step, and lastly leisure activity factors(desired leisure activities, undesired leisure activities) in the third step. The results were as follows: First, major factors that constrict leisure activities of the elderly were financial burden and health problems. Second, there were significant differences among three(financial constraint, health constraint, and financial and health constraint) groups. Financial constraint group was the highest in the level of leisure satisfaction but leisure time was the shortest. The major reason to do leisure activities of the financial constraint group was to keep relationships with families and friends. In terms of desired leisure activities, health constraint group wanted resting, financial constraint group wanted hobbies and entertainment, and the financial-and-health constraint group wanted social activities. Third, financial constraint group demonstrated higher levels of leisure activity satisfaction when they wanted to take care of pets or gardens; however, they showed lower levels of leisure activity satisfaction when they wanted to domestic trips for desired leisure activities. In case of health constraint group, they demonstrated lower levels of leisure activity satisfaction whether or not they wanted resting like watching TV or listening to the radio. And, the showed higher levels of leisure activity satisfaction when they wanted social activities such as participation in religion or social gathering organizations. For the financial-and-health constraint group, whereas they showed lower levels of leisure activity satisfaction when they wanted walking around or watching TV, and domestic trips for desired leisure activities, they demonstrated higher levels of leisure activity satisfaction when they wanted entertainment doing the game of go, or chess, and hobbies like hiking and social activities. Practice and policy level suggestions to offer leisure activities that meet the needs of the elderly were made based on the study results.