This study proposes an artificial hummingbird algorithm (AHA) for energy management (EM) optimal operation of a microgrid (MG), including conventional sources and renewable (RES), with incentive-based demand response (DR). Due to the stochastic nature solar wind output power uncertainty prices load, probabilistic EM hybrid AHA point estimation method (PEM) is proposed model this by utilizing no...

in this paper, a new enhanced version of the particle swarm optimization (pso) is presented. an important modification is made by adding probabilistic functions into pso, and it is named probabilistic particle swarm optimization (ppso). since the variation of the velocity of particles in pso constitutes its search engine, it should provide two phases of optimization process which are: explorati...

this research studies the application of hybrid algorithms for predicting the prices of crude oil. brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. the proposed model was able to predict future crude oil prices from august...

the power supply of remote sites and applications at minimal cost and with low emissions is an important issue when discussing future energy concepts. this paper presents modeling and optimization of a photovoltaic (pv)/wind/diesel system with batteries storage for electrification to an off-grid remote area located in rafsanjan, iran. for this location, different hybrid systems are studied and ...

This paper develops various chance-constrained models for optimizing the probabilistic network design problem (PNDP), where we differentiate the quality of service (QoS) and measure the related network performance under uncertain demand. The upper level problem of PNDP designs continuous/discrete link capacities shared by multi-commodity flows, and the lower level problem differentiates the cor...

Probabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in the premium to compensate for a 1% default risk. While these preferences are intuitively appealing they are difficult to reconcile with expected utility theory. Under highly ...

The use of probabilistic optimization in structural design applications is hindered by the huge computational cost associated with evaluating probabilistic characteristics, where the computationally expensive finite element method (FEM) is often used for simulating design performance. In this paper, a Sequential Optimization and Reliability Assessment (SORA) method with analytical derivatives i...

The power supply of remote sites and applications at minimal cost and with low emissions is an important issue when discussing future energy concepts. This paper presents modeling and optimization of a photovoltaic (PV)/wind/diesel system with batteries storage for electrification to an off-grid remote area located in Rafsanjan, Iran. For this location, different hybrid systems are studied and ...