Abstract
A new method for economic dispatch of active power is presented. Formulation of the problem as a quadratic program allows the inclusion of a linear network model and operational constraints together with an explicit representation of the cost incurred by transmission losses. The problem is solved by a linear complementary pivoting algorithm which takes full advantage of the sparse form of the objective function and constraints. Computational experience indicates that the method is highly efficient and is capable of solving realistic problems in elapsed times that are compatible with online applications using minicomputer hardware.
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