A. Bakirtzis et al., GENETIC ALGORITHM SOLUTION TO THE ECONOMIC-DISPATCH PROBLEM, IEE proceedings. Generation, transmission and distribution, 141(4), 1994, pp. 377-382
Two genetic algorithm (GA) solutions to the economic dispatch problem
are presented. An advantage of the GA solutions is that they do not im
pose any convexity restrictions on the generator cost functions. Anoth
er advantage is that GAs can be very effectively coded to work on para
llel machines. Test results with systems of up to 72 generating units
with nonconvex cost functions show that both GAs outperform the dynami
c programming solution to the economic dispatch problem. Furthermore,
the execution time of the second GA solution increases almost linearly
with the number of generators.