F. N. Al Farsi, Mohammed Albadi, Nasser Hosseinzadeh, Ahmed Badi
Abstract
Economic Dispatch is an important optimization problem in power system planning. This article presents an overview of the economic dispatch problem, its formulation, and a comparison of addressing the problem between the vertically integrated market and the liberalized market environments.
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Economic Dispatch is an important optimization problem in power system planning. This article presents an overview of the economic dispatch problem, its formulation, and a comparison of addressing the problem between the vertically integrated market and the liberalized market environments.
Key concepts: Economic dispatch, Electric power system, Economic power, Computer science, Power (physics), Operations research, Economics, Industrial organization