Table 1 Comparison of critical literature review and proposed approach.
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 | |||
Optimized profit and fuel cost | Imbalance mechanism | √ | √ | X | X | X | √ | √ | |
Reduce operating costs, reduce GHGs | Commercial solver CPLEX | √ | X | X | √ | √ | X | √ | |
Maximize the total profit and simultaneously minimize the generated emission | Modified Harris hawks’ optimization (MHHO) | √ | √ | √ | X | √ | √ | √ | |
Optimization of operating cost | Gravitational search algorithm (GSA) | √ | √ | √ | x | √ | X | √ | |
Cost reduction and optimum sizing of EVCS | Modified teaching–learning-based optimization (TLBO) | √ | √ | √ | X | X | X | X | |
Maximize the profit and minimize emission | Multi-objective black widow optimization (MOBWO) | √ | √ | √ | X | X | √ | √ | |
Engineering design problems | Improved GJO | X | X | X | X | X | X | X | |
Reduction in operational cost | C & CG | X | √ | X | X | X | √ | √ | |
Minimizing operation costs | Relaxed ADMM based optimization | √ | √ | X | X | √ | X | √ | |
This Paper | Reduction of cost and emission | GJO along with BWA and SSA | √ | √ | √ | √ | √ | √ | √ |