Solution of Electrical Load Dispatch Problem by Modified Exchange Algorithm

Abstract

: In this paper a Modified Exchange Algorithm has been presented and this technique is applied to one of the main optimization problems in the Electrical Power System i.e., Electrical Load Dispatch. The proposed technique is a robust one and helps to extract the global optimum efficiently. As the name suggests, the technique is based on the working of a stock in which different shareholders achieve the maximum profit by following the elite shareholders’ patterns. The search strategy is then enhanced using the Mutation and Sequential Quadratic Programming to further refine the final fitness values. The proposed technique is then implemented on 6 Unit test system with convex function in order to present the effectiveness of this technique. Finally, the results obtained from the proposed algorithm are compared with some of the already present technique on this problem. The results clearly show that the proposed technique can be a useful tool to solve Electrical Load Dispatch problem.