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Particle Swarm Optimization with Quasi-Newton Local Search for Solving Economic Dispatch Problem

Particle swarm optimization (PSO) is a population-based swarm intelligence algorithm driven by the simulation of a social psychological metaphor instead of the survival of the fittest individual. Based on the swarm intelligence theory, this paper discusses the use of PSO with a Quasi-Newton (QN) local search method. The PSO is used to produce good potential solutions, and the QN is used to fine-tune of final solution of PSO. The hybrid methodology is validated for a test system consisting of 13 thermal units whose incremental fuel cost function takes into account the valve-point loading effects.