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2014 Multiobjective TOU Pricing Optimization Based on NSGA2
Huilan Jiang, Bingqi Liu, Yawei Wang, Shuangqi Zheng
J. Appl. Math. 2014(SI07): 1-8 (2014). DOI: 10.1155/2014/104518

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.

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Huilan Jiang. Bingqi Liu. Yawei Wang. Shuangqi Zheng. "Multiobjective TOU Pricing Optimization Based on NSGA2." J. Appl. Math. 2014 (SI07) 1 - 8, 2014. https://doi.org/10.1155/2014/104518

Information

Published: 2014
First available in Project Euclid: 1 October 2014

Digital Object Identifier: 10.1155/2014/104518

Rights: Copyright © 2014 Hindawi

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Vol.2014 • No. SI07 • 2014
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