Table 1 Comparison of critical literature review and proposed approach.

From: A Golden Jackal based optimal operation and optimization of a virtual power plant involving renewable resources

References

Target objective

Optimization technique

Integration of renewable powered sources, co-gen. unit and reserve provision

Load and electricity price management

PV

WT

FC

SH

SR

CHP

EP and EM

1

Optimized profit and fuel cost

Imbalance mechanism

√

√

X

X

X

√

√

5

Reduce operating costs, reduce GHGs

Commercial solver CPLEX

√

X

X

√

√

X

√

8

Maximize the total profit and simultaneously minimize the generated emission

Modified Harris hawks’ optimization (MHHO)

√

√

√

X

√

√

√

10

Optimization of operating cost

Gravitational search algorithm (GSA)

√

√

√

x

√

X

√

11

Cost reduction and optimum sizing of EVCS

Modified teaching–learning-based optimization (TLBO)

√

√

√

X

X

X

X

12

Maximize the profit and minimize emission

Multi-objective black widow optimization (MOBWO)

√

√

√

X

X

√

√

13

Engineering design problems

Improved GJO

X

X

X

X

X

X

X

14

Reduction in operational cost

C & CG

X

√

X

X

X

√

√

15

Minimizing operation costs

Relaxed ADMM based optimization

√

√

X

X

√

X

√

This Paper

Reduction of cost and emission

GJO along with BWA and SSA

√

√

√

√

√

√

√