For solving economic emission dispatch problem what is the best metaheuristic optimization algorithm in terms of fuel cost minimization and why?
I think to answer this, we'd need to know more about the structure of the problems (objective function, constraints, types of decision variables).
There are no single meta-heuristic algorithm for such case. The normal procedure is to use the tried and tested algorithms such as genetic algorithm, particle swarm optimization algorithm (PSO) and some new algorithms (most of them are variant of PSO and other swarm inspired optimization algorithms) and compare the results and choose the one which performs the best.
Comparison is usually done based on objective function value, computational time, convergence characteristics, standard deviation of objective function etc
You can use Jaya Algorithm or Rao-1 algorithm. These algorithms are easier in implementation and better convergence rate as compare to PSO.
Article A new multi-response Jaya Algorithm for optimisation of EDM ...
- Badges
- Science topic
- Similar topics
- Human-Computer Interaction
- Collaboration