Modeling and Formulation of Optimization Problems for Optimal Scheduling of Multi-Generation and Hybrid Energy Systems: Review and Recommendations

Increasing power demands require multiple generating units interconnected with each other to maintain the power balance of the system. This results in a highly dense power system consisting of multiple generating units which coordinate with each other to maintain the balanced performance of the system. Among different energy sources, the thermal source, the hydro energy source, the photovoltaic system, and the wind energy source are the most popular ones. Researchers have developed several optimization problems in the literature known as dispatch problems to model the system consisting of these different types of energy sources. The constraints for each system depend upon the generation type and the nature of the objective functions involved. This paper provides a state-of-the-art review of different dispatch problems and the nature of the objective functions involved in them and highlights the major constraints associated with each optimization function.