multiobjective tou pricing optimization based on nsga2

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ID: 173252
2014
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Abstract
Fast and elitist nondominated sorting generic algorithm (NSGA2) is an improved multiobjective genetic algorithm with good convergence and robustness. The Pareto optimal solution set using NSGA2 has the character of uniform distribution. This paper builds a time-of-use (TOU) pricing mathematical model considering actual constraint conditions and puts forward a new method which realizes multiobjective TOU pricing optimization using NSGA2. A variety of objective TOU pricing schemes can be provided for decision makers compared with traditional method. Furthermore, the multiple attribute decision making theory is applied in processing the Pareto optimal solution set to calculate the optimal compromise price scheme. The simulation results have shown that the TOU pricing scheme determined by the method proposed above can achieve a better effect of clipping the peak load to fill the valley load. Consequently, the study in this paper is innovative and is a successful exploration of coordinating the relation of various objective functions concerned in TOU pricing optimization problem.
Reference Key
jiang2014journalmultiobjective Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Huilan Jiang;Bingqi Liu;Yawei Wang;Shuangqi Zheng
Journal Chemico-biological interactions
Year 2014
DOI
10.1155/2014/104518
URL
http://dx.doi.org/10.1155/2014/104518
Keywords
mathematics

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