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The convergence speed is a major concern in using particle swarm optimization (PSO) in practice, especially when real-time computations are required. This paper proposes a method of parameter optimization for particle swarm optimization that has fast convergence speed in the stochastic sense. Using the theory of stochastic processes, a sufficient condition for the mean-square convergence of standard...
In this paper, the economic/environmental dispatch for a smart grid with wind and thermal units is formulated. The formulation takes into account the stochastic nature of wind power output and the imbalance charges due to the mismatch between the actual and scheduled wind power outputs. Because minimizing the operating cost of thermal and wind units, and minimizing the emissions of thermal units are...
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