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This paper presents a fuzzy multi-objective approach for clearing the reactive power market. The object functions that have been studied are the total payment function (TPF), voltage stability and the voltage deviation of the buses. All of the object functions are transformed to membership functions and then a pseudogoal function is derived to express a unique object function. The proposed reactive...
Deregulation in power industry has made the reactive power ancillary service management a critical task to power system operators from both technical and economic perspectives. Reactive power management in power systems is a complex combinatorial optimization problem involving nonlinear functions with multiple local minima and nonlinear constraints. This paper proposes a practical market-based reactive...
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