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Nash Equilibrium In Game Theory ~xRay Pixy

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 Video Link  CLICK HERE... Learn Nash Equilibrium In Game Theory Step-By-Step Using Examples. Video Chapters: Nash Equilibrium  00:00 Introduction 00:19 Topics Covered 00:33 Nash Equilibrium  01:55 Example 1  02:30 Example 2 04:46 Game Core Elements 06:41 Types of Game Strategies 06:55  Prisoner’s Dilemma  07:17  Prisoner’s Dilemma Example 3 09:16 Dominated Strategy  10:56 Applications 11:34 Conclusion The Nash Equilibrium is a concept in game theory that describes a situation where no player can benefit by changing their strategy while the other players keep their strategies unchanged.  No player can increase their payoff by changing their choice alone while others keep theirs the same. Example : If Chrysler, Ford, and GM each choose their production levels so that no company can make more money by changing their choice, it’s a Nash Equilibrium Prisoner’s Dilemma : Two criminals are arrested and interrogated separately. Each has two ...

Transmission Expansion Planning (TEP) |AC Optimal Power Flow|

 Transmission Expansion Planning (TEP)

Transmission Systems are Large and Interconnected. Transmission Systems carry large quantities of electricity (from utility-scale to low voltage lines – distributed system).  Transmission Expansion Planning (TEP) is process of identifying needed investment and expansion in transmission. Transmission Expansion Planning (TEP) is a complex decision-making process. 

TEP Process include different analysis :

  • System Cost.
  • Reliability and Modeling.
  • Compute Risk and burden.
  • Number of Generators required.
  • The number of Equipment required.
  • How a transmission system should develop over time? 
  • Determine the Number of Electric Power Transmission facilities required in the future power grid.

Transmission Expansion Planning (TEP): A list of types of equipment can be inserted on the grid:

  • Cables
  • Transformers
  • Transmission Lines

Transmission Expansion Planning (TEP) Problem: Objective Functions

  • Investment Function
  • Operational Cost Function
  • Power Loss Function 

Approaches in Transmission Expansion Planning Problems

Static Approach: System Information (i.e., load, types of equipment) is only considered at the planning horizon in one shot.

Dynamic Approach: System Information (i.e., load, types of equipment) is handled over sub-periods of the planning horizon

What is the Role of Metaheuristic Algorithms in TEP?

Bio-inspired Meta-heuristic algorithms are widely used to solve Transmission Expansion Problems. Metaheuristic algorithms provide the best solutions to TEP problems as compared to other traditional methods.  Metaheuristic algorithms are problem independent [not dependent on particular information about the problem].  

Transmission Expansion Planning |Evolutionary Particle Swarm Optimization (EPSO)|

Optimal Power Flow (OPF) Models

  • AC - Optimal Power Flow  

  • DC – Optimal Power Flow

Define General formulation of TEP Problem

Minimize / Maximize of                                (2.1)

  Subject to:

 Physical Constraints                                       (2.2)

Financial Constraints                                        (2.3)

Quality of Service Constraints                          (2.4)

Evolutionary Particle Swarm Optimization (EPSO) Algorithm

Evolutionary Particle Swarm Optimization is a powerful tool to solve complex TEP problems. Evolutionary Particle Swarm Optimization provides the best solutions.  Evolutionary Particle Swarm Optimization combines the best features of the Genetic Algorithm (GA) and Particle Swarm Optimization Algorithm (PSO).


Evolutionary Particle Swarm Optimization Step-by-Step

Different TEP Formulations are Handled by Metaheuristic Algorithms.

Artificial Neural Network

Bee Colony Algorithm

Ant Colony Algorithm

Bat Algorithm

Firefly Algorithm

Particle Swarm Optimization Algorithm

Evolutionary Particle Swarm Optimization Algorithm  

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