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Comparative Overview of Profit-Based Unit Commitment in Competitive Electricity Market

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International Conference on Intelligent Computing and Smart Communication 2019

Part of the book series: Algorithms for Intelligent Systems ((AIS))

Abstract

This paper aims to presents the studies of the Profit-Based Unit Commitment (PBUC) problem, which is a vital research problem of power system optimization. In the proposed research, the authors have epitomized the preliminary concept of profit based unit commitment problem along with mathematical formulation. A brief review of profit based unit commitment problem has been surveyed from 1959 to 2019. Also, the researcher has explored the concept of solution strategies and constraints handling mechanism. The proposed research study will be beneficial for new researchers, who are aggressively working in the expanse of profit-based unit commitment problem.

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Authors and Affiliations

  1. School of Electronics and Electrical Engineering, Lovely Professional University, Punjab, India

    Ayani Nandi & Vikram Kumar Kamboj

Authors
  1. Ayani Nandi
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  2. Vikram Kumar Kamboj
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Corresponding author

Correspondence to Vikram Kumar Kamboj .

Editor information

Editors and Affiliations

  1. Machine Intelligence Research Labs, Gwalior, India

    Geetam Singh Tomar

  2. Indian Institute of Technology Indore, Indore, Madhya Pradesh, India

    Narendra S. Chaudhari

  3. Applied Computing Graduate Program, University of Vale do Rio dos Sinos, Sao Leopoldo, Rio Grande do Sul, Brazil

    Jorge Luis V. Barbosa

  4. Department of Electronics and Communication Engineering, THDC-Institute of Hydropower Engineering and Technology, Tehri, Uttarakhand, India

    Mahesh Kumar Aghwariya

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Nandi, A., Kamboj, V.K. (2020). Comparative Overview of Profit-Based Unit Commitment in Competitive Electricity Market. In: Singh Tomar, G., Chaudhari, N.S., Barbosa, J.L.V., Aghwariya, M.K. (eds) International Conference on Intelligent Computing and Smart Communication 2019. Algorithms for Intelligent Systems. Springer, Singapore. https://doi.org/10.1007/978-981-15-0633-8_116

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