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non convex economic dispatch considering valve loading effect
Economic Dispatch (ED) is defined as the process
of allocating generation levels to the generating units in the mix, so that the
system load is supplied entirely and most economically.
By perfect modeling of final cost of generation and taking valve loading effect into account, cost function of generators take non-convex form . The theoretical assumptions behind previous algorithms (except dynamic programming) that may not be suitable for the ED formulation are convexity and differentiability. Furthermore, they are local optimizers in nature, i.e., they might converge to local solutions instead of global ones if the initial guess happens to be in the neighborhoo
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