Wind power interval and point prediction model using neural network based multi-objective optimization

Jianhua Zhu, Yaoyao He and Zhiwei Gao

Energy, 2023, vol. 283, issue C

Abstract: Wind power point and interval prediction plays an important role in dispatching. However, for obtaining both point estimations and prediction intervals (PIs), the existing models like constructing the probability density function are too complicated. This paper proposes a novel multi-objective upper and lower bound and point estimation (MOULPE) model. It constructs a neural network (NN) with double outputs to directly estimate the prediction intervals (PIs) and the median of PIs is calculated as point estimation. Considering wide decision-making space, the problem formulation of MOULPE is defined as three objectives which covers both evaluation indices of PIs and point prediction. Furthermore, based on elite opposition-based learning (EOBL), this paper improves non-dominated fast sort genetic algorithm-III (INSGA-III) to search the optimal front. Two criteria called prediction interval nominal confidence (PINC) and point prediction nominal error (PPNE) are adopted to pick out the best solution. According to the general requirements in literature, four examples of real wind power data are conducted. Compared with some state-of-the-art methods, the coverage probability of PIs constructed by the proposed model not only reaches the preset PINC, but the average width is also the lowest. Similarly, the point estimation error of the proposed method is less than PPNE.

Keywords: Multi-objective optimization; Neural network; Wind power interval prediction; Point prediction (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544223024738
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:283:y:2023:i:c:s0360544223024738

DOI: 10.1016/j.energy.2023.129079

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().