A novel hybrid metaheuristic algorithm for short term load forecasting

Electric load forecasting is undeniably a demanding business due to its complexity and high nonlinearity features. It is regarded as vital in electricity industry and critical for the party of interest as it provides useful support in power system management. Despite the aforementioned situation, a...

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Main Authors: Zuriani, Mustaffa, Mohd Herwan, Sulaiman, Yuhanis, Yusof, Syafiq Fauzi, Kamarulzaman
Format: Article
Language:English
Published: UK Simulation Society 2017
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/30099/
http://umpir.ump.edu.my/id/eprint/30099/1/A%20novel%20hybrid%20metaheuristic%20algorithm%20for%20short%20term%20load%20forecasting.pdf
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author Zuriani, Mustaffa
Mohd Herwan, Sulaiman
Yuhanis, Yusof
Syafiq Fauzi, Kamarulzaman
author_facet Zuriani, Mustaffa
Mohd Herwan, Sulaiman
Yuhanis, Yusof
Syafiq Fauzi, Kamarulzaman
author_sort Zuriani, Mustaffa
building UMP Institutional Repository
collection Online Access
description Electric load forecasting is undeniably a demanding business due to its complexity and high nonlinearity features. It is regarded as vital in electricity industry and critical for the party of interest as it provides useful support in power system management. Despite the aforementioned situation, a reliable forecasting accuracy is essential for efficient future planning and maximize the profits of stakeholders as well. With respect to that matter, this study presents a hybrid Least Squares Support Vector Machines (LSSVM) with a rather new Swarm Intelligence (SI) algorithm namely Grey Wolf Optimizer (GWO). Act as an optimization tool for LSSVM hyper parameters, the inducing of GWO assists the LSSVM in achieving optimality, hence good generalization in forecasting can be achieved. Later, the efficiency of GWO-LSSVM is compared against three comparable hybrid algorithms namely LSSVM optimized by Artificial Bee Colony (ABC), Differential Evolution (DE) and Firefly Algorithms (FA). Findings of the study revealed that, by producing lower Root Mean Square Percentage Error (RMSPE), the GWO-LSSVM is able to outperform the identified algorithms for the data set of interest.
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spelling ump-300992022-08-18T07:09:46Z http://umpir.ump.edu.my/id/eprint/30099/ A novel hybrid metaheuristic algorithm for short term load forecasting Zuriani, Mustaffa Mohd Herwan, Sulaiman Yuhanis, Yusof Syafiq Fauzi, Kamarulzaman QA76 Computer software TK Electrical engineering. Electronics Nuclear engineering Electric load forecasting is undeniably a demanding business due to its complexity and high nonlinearity features. It is regarded as vital in electricity industry and critical for the party of interest as it provides useful support in power system management. Despite the aforementioned situation, a reliable forecasting accuracy is essential for efficient future planning and maximize the profits of stakeholders as well. With respect to that matter, this study presents a hybrid Least Squares Support Vector Machines (LSSVM) with a rather new Swarm Intelligence (SI) algorithm namely Grey Wolf Optimizer (GWO). Act as an optimization tool for LSSVM hyper parameters, the inducing of GWO assists the LSSVM in achieving optimality, hence good generalization in forecasting can be achieved. Later, the efficiency of GWO-LSSVM is compared against three comparable hybrid algorithms namely LSSVM optimized by Artificial Bee Colony (ABC), Differential Evolution (DE) and Firefly Algorithms (FA). Findings of the study revealed that, by producing lower Root Mean Square Percentage Error (RMSPE), the GWO-LSSVM is able to outperform the identified algorithms for the data set of interest. UK Simulation Society 2017 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/30099/1/A%20novel%20hybrid%20metaheuristic%20algorithm%20for%20short%20term%20load%20forecasting.pdf Zuriani, Mustaffa and Mohd Herwan, Sulaiman and Yuhanis, Yusof and Syafiq Fauzi, Kamarulzaman (2017) A novel hybrid metaheuristic algorithm for short term load forecasting. International Journal of Simulation: Systems, Science and Technology, 17 (41). 6.1-6.6. ISSN 1473-804x(Online); 1473-8031(print). (Published) https://ijssst.info/Vol-17/No-41/paper6.pdf
spellingShingle QA76 Computer software
TK Electrical engineering. Electronics Nuclear engineering
Zuriani, Mustaffa
Mohd Herwan, Sulaiman
Yuhanis, Yusof
Syafiq Fauzi, Kamarulzaman
A novel hybrid metaheuristic algorithm for short term load forecasting
title A novel hybrid metaheuristic algorithm for short term load forecasting
title_full A novel hybrid metaheuristic algorithm for short term load forecasting
title_fullStr A novel hybrid metaheuristic algorithm for short term load forecasting
title_full_unstemmed A novel hybrid metaheuristic algorithm for short term load forecasting
title_short A novel hybrid metaheuristic algorithm for short term load forecasting
title_sort novel hybrid metaheuristic algorithm for short term load forecasting
topic QA76 Computer software
TK Electrical engineering. Electronics Nuclear engineering
url http://umpir.ump.edu.my/id/eprint/30099/
http://umpir.ump.edu.my/id/eprint/30099/
http://umpir.ump.edu.my/id/eprint/30099/1/A%20novel%20hybrid%20metaheuristic%20algorithm%20for%20short%20term%20load%20forecasting.pdf