Cost Function & Lambda Iteration Method_Economic Dispatch_Lecture 2

@EEE_SRU @SRUniversity This video presents Lecture 2 of Power System Operation and Control, delivered by Dr. Markala Karthik Reddy, Assistant Professor, Department of EEE, SR University. This lecture focuses on the cost function of thermal power plants and introduces the Lambda-Iteration Method for solving the Economic Dispatch problem. 🧾 Summary of Topics Covered: 🔹 Types of generating plants (Thermal, Hydro, Nuclear) 🔹 Cost function of thermal power plants 🔹 Input–output characteristics of generating units 🔹 Heat-rate curve and fuel cost formulation 🔹 Quadratic cost function representation 🔹 Incremental fuel cost (IC) concept 📊 Cost Characteristics: ✔️ Input–output curve of generating unit ✔️ Fuel cost curve ✔️ Incremental cost curve ✔️ Discontinuities in cost curves ⚡ Economic Dispatch Formulation: ✔️ Objective function of ED problem ✔️ Equality constraints (power balance) ✔️ Inequality constraints (generator limits, voltage, etc.) 📐 Optimization Technique: ✔️ Lagrange Multiplier Method ✔️ Optimization with equality constraints ✔️ Optimization with equality & inequality constraints ✔️ Kuhn-Tucker conditions 🎯 Who should watch? 🔸 Electrical Engineering students 🔸 GATE / PSU aspirants 🔸 Faculty & researchers 🔸 Power system learners 📩 Connect with me: 📧 Email: [email protected] 🔗 LinkedIn: https://www.linkedin.com/in/karthik-reddy-markala/ 👉 Let’s connect for academic discussions, research collaborations, and knowledge sharing in Electrical Engineering. #powersystem #economicdispatch #electricalengineering #powerengineering #gateeee #psupreparation #optimization #energymanagement #thermalpowerplant #engineeringlectures #sruniversity #powersystems #onlinelecture