New approach with a Hopfield modeling framework to economic dispatch

This paper presents a new Hopfield model based approach for the economic dispatch problem of power systems. To solve the economic dispatch problem using the Hopfield model, an energy function composing power mismatch, total fuel cost and the transmission line losses is defined. The weighting factors associated with the terms of the energy function can be either appropriately selected or directly estimated in the proposed model. Which, however, are determined by trial and error in the conventional Hopfield method. To minimize the value of the energy function, the computational procedures including a series of adjusting the weighting factor associated with the transmission line losses and updating the unit generations and power losses are carried out. Because the weighting factors are governed by some relationships developed, adjustment of the weighting factor is much simpler and more effective in steadily achieving solutions than adjustment of the λ-multiplier in the lambda-iteration method for economic dispatch problems. Computational results reveal that this approach can find accurate solutions more simply and fast compared with the conventional lambda-iteration method