Multi-Objective Dynamic Economic Dispatch with Demand Side Management of Residential Loads and Electric Vehicles

In this paper, a multi-objective optimization method based on the normal boundary intersection is proposed to solve the dynamic economic dispatch with demand side management of individual residential loads and electric vehicles. The proposed approach specifically addresses consumer comfort through acceptable appliance deferral times and electric vehicle charging requirements. The multi-objectives of minimizing generation costs, emissions, and energy loss in the system are balanced in a Pareto front approach in which a fuzzy decision making method has been implemented to find the best compromise solution based on desired system operating conditions. The normal boundary intersection method is described and validated.