Economic Dispatch and Generation Scheduling in Operation of Modern Power Systems

Economic Dispatch and Generation Scheduling in Operation of Modern Power Systems: Optimization Techniques and Real-World Applications is a comprehensive resource, bridging the gap between traditional power generation methodologies and advanced optimization techniques. Chapters review foundational principles of economic dispatch and generation scheduling, then demonstrate mathematical models, optimization techniques, and the impact of renewable energy integration. The role of cutting-edge methods such as Artificial Intelligence and machine learning in dispatch, energy storage systems and electric vehicles, and advancements in smart grid technologies are also examined.The book examines the rapid evolution of power systems, emphasizing the need for innovative approaches to address the complexities of energy supply and demand.Case studies and real-world applications are included to provide readers with insights into practical implementations and contemporary challenges in the field. This is a valuable resource for professionals, students, and researchers in energy, enhancing understanding of how to optimize energy, reduce operational costs, and improve reliability in an evolving landscape. - Presents solutions for optimizing the dispatch of distributed energy resources (DERs) using machine learning, artificial intelligence, and real-time control systems- Explains complicated mathematical models and optimization approaches and algorithms for enhanced forecasting, scheduling, and dispatch that account for variations in renewable energy supply- Demonstrates the use of optimization techniques through case studies, simulations, and practical applications