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Growing Science » Management Science Letters » The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators

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Management Science Letters
ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 4 Issue 11 pp. 2415-2422, 2014

The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators Pages 2415-2422 PDF Download PDF

Authors: Hesam Nazari, Aliye Kazemi, Mohammad Hossein Hashemi, Mahboobeh Nazari

📋 Author Affiliations:
Hesam Nazari1, Aliye Kazemi ORCID 1, Mohammad Hossein Hashemi ORCID 2, Mahboobeh Nazari3
1 Department of Industrial Management, Faculty of Management, University of Tehran, Tehran, Iran
2 Faculty of Power & Water (Shahid Abbaspour), Shahid Beheshti University, Tehran, Iran
3 Nanobiotechnology Research Center, Avicenna Research Institute (ACECR), Tehran, Iran
doi 10.5267/j.msl.2014.10.006
Crossref Source: CrossRef

🔑 Keywords: Energy, Forecasting, Particle swarm optimization

Abstract: Energy supply security is one of the strategic issues of all states. Beside the energy supply management, the section that has received less attention is energy demand management. According to importance of residential and commercial sectors in energy consumption, in the present study energy demand of these sectors is estimated using linear and exponential functions and the coefficients are obtained from PSO algorithms. 72 different scenarios with various inputs are investigated. Data from the years 1968 to 2011 are used to develop the models and select the suitable scenario. Results show that an exponential model developed based on particle swarm optimization algorithm has had the best performance. Based on the best scenario the energy demand of residential and commercial sectors is estimated 1718 Mega barrel of crude oil equivalent up to the year 2032.

How to cite this paper
APA: Nazari, H., Kazemi, A., Hashemi, M & Nazari, M. (2014). The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators. Management Science Letters, 4(11), 2415-2422.
Chicago/Turabian: Nazari, H., Kazemi, A., Hashemi, M & Nazari, M. 2014. "The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators." Management Science Letters 4, no. 11 (2014): 2415-2422.
AMA: Nazari, H., Kazemi, A., Hashemi, M & Nazari, M. The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators. Management Science Letters. 2014;4(11):2415-2422.

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📚 Journal: Management Science Letters | 📅 Year: 2014 | 📖 Volume: 4 | 📄 Issue: 11 | 👁️ Views: 3017 | 📊 Crossref:

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