DHIMAN: A novel algorithm for economic Dispatch problem based on optimization metHod usIng Monte Carlo simulation and Astrophysics coNcepts

Abstract

This paper presents a new model using optimization approach for efficient prediction of load in real-life environment. Monte Carlo simulation and Schrödinger equations provide the effective number of solutions. This technique is useful in representation of relationships between different models. The proposed algorithm is verified and validated with various state-of-the-art approaches for solving economic load power dispatch problem to demonstrate its efficiency. Experimental results signify that the proposed algorithm is more precise than existing competing models.