Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market
In the power sector, competitive strategic bidding optimization has become a major challenge. Digital plate-form provides a superior technical base as well as backing for the optimization’s execution. The state-of-the-art frameworks used for simulating strategic bidding decisions in deregulated elec...
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Multidisciplinary Digital Publishing Institute (MDPI)
2022
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Online Access: | https://eprints.ums.edu.my/id/eprint/34160/1/FULL%20TEXT.pdf https://eprints.ums.edu.my/id/eprint/34160/2/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/34160/ https://www.mdpi.com/2227-7390/10/12/2094/htm https://doi.org/10.3390/math10122094 |
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my.ums.eprints.341602022-09-27T02:51:02Z https://eprints.ums.edu.my/id/eprint/34160/ Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market Kavita Jain Muhammed Basheer Jasser Muzaffar Hamzah Akash Saxena Ali Wagdy Mohamed QA71-90 Instruments and machines TK1-9971 Electrical engineering. Electronics. Nuclear engineering In the power sector, competitive strategic bidding optimization has become a major challenge. Digital plate-form provides a superior technical base as well as backing for the optimization’s execution. The state-of-the-art frameworks used for simulating strategic bidding decisions in deregulated electricity markets (EM’s) in this article are bi-level optimization and neural networks. In this research, we provide HHO-NN (Harris Hawk Optimization-Neural network), a novel algorithm based on Harris Hawk Optimization (HHO) that is capable of fast convergence when compared to previous evolutionary algorithms for automatically searching for meaningful multilayered perceptron neural networks (MPNNs) topologies for optimal bidding. This technique usually demands a considerable amount of time and computer resources. This method sets up the problem in multi-dimensional continuous state-action spaces, allowing market players to get precise information on the effect of their bidding judgments on the market clearing results, as well as implement more valuable bidding decisions by utilizing a whole action domain and accounting for non-convex operating principles. Due to the use of the MPNN, case studies show that the suggested methodology delivers a much larger profit than other state-of-the-art methods and has a better computational performance than the benchmark HHO technique. Multidisciplinary Digital Publishing Institute (MDPI) 2022 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/34160/1/FULL%20TEXT.pdf text en https://eprints.ums.edu.my/id/eprint/34160/2/ABSTRACT.pdf Kavita Jain and Muhammed Basheer Jasser and Muzaffar Hamzah and Akash Saxena and Ali Wagdy Mohamed (2022) Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market. Mathematics, 10 (2094). pp. 1-19. ISSN 2227-7390 https://www.mdpi.com/2227-7390/10/12/2094/htm https://doi.org/10.3390/math10122094 |
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QA71-90 Instruments and machines TK1-9971 Electrical engineering. Electronics. Nuclear engineering Kavita Jain Muhammed Basheer Jasser Muzaffar Hamzah Akash Saxena Ali Wagdy Mohamed Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
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In the power sector, competitive strategic bidding optimization has become a major challenge. Digital plate-form provides a superior technical base as well as backing for the optimization’s execution. The state-of-the-art frameworks used for simulating strategic bidding decisions in deregulated electricity markets (EM’s) in this article are bi-level optimization and neural networks. In this research, we provide HHO-NN (Harris Hawk Optimization-Neural network), a novel algorithm based on Harris Hawk Optimization (HHO) that is capable of fast convergence when compared to previous evolutionary algorithms for automatically searching for meaningful multilayered perceptron neural networks (MPNNs) topologies for optimal bidding. This technique usually demands a considerable amount of time and computer resources. This method sets up the problem in multi-dimensional continuous state-action spaces, allowing market players to get precise information on the effect of their bidding judgments on the market clearing results, as well as implement more valuable bidding decisions by utilizing a whole action domain and accounting for non-convex operating principles. Due to the use of the MPNN, case studies show that the suggested methodology delivers a much larger profit than other state-of-the-art methods and has a better computational performance than the benchmark HHO technique. |
format |
Article |
author |
Kavita Jain Muhammed Basheer Jasser Muzaffar Hamzah Akash Saxena Ali Wagdy Mohamed |
author_facet |
Kavita Jain Muhammed Basheer Jasser Muzaffar Hamzah Akash Saxena Ali Wagdy Mohamed |
author_sort |
Kavita Jain |
title |
Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
title_short |
Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
title_full |
Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
title_fullStr |
Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
title_full_unstemmed |
Harris Hawk Optimization-Based Deep Neural Networks Architecture for Optimal Bidding in the Electricity Market |
title_sort |
harris hawk optimization-based deep neural networks architecture for optimal bidding in the electricity market |
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Multidisciplinary Digital Publishing Institute (MDPI) |
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2022 |
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https://eprints.ums.edu.my/id/eprint/34160/1/FULL%20TEXT.pdf https://eprints.ums.edu.my/id/eprint/34160/2/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/34160/ https://www.mdpi.com/2227-7390/10/12/2094/htm https://doi.org/10.3390/math10122094 |
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13.18916 |