Author
Listed:
- Yao Zhang
(Department of Mathematics, City University of Hong Kong, Hong Kong 999077, China)
- Jiaxuan Lu
(Zanvyl Krieger School of Art and Science, Johns Hopkins University, Baltimore, MD 21202, USA)
- Xiao Yang
(College of Engineering, Michigan State University, 524 S Shaw Ln, East Lansing, MI 48824, USA)
Abstract
High-dimensional global optimization and microgrid economic scheduling problems are often dominated by nonlinear search landscapes, strong coupling among decision variables, and stringent operational constraints, which severely limit the effectiveness of conventional metaheuristic approaches. In response to these challenges, this study presents a multi-strategy cooperative optimization framework derived from stock exchange trading principles, referred to as MESETO. The proposed method departs from the single-path evolutionary process of the standard SETO algorithm by introducing a diversified strategy collaboration mechanism that enables the dynamic adjustment of search behaviors throughout the optimization process. Multiple complementary update strategies are jointly employed to balance global exploration and local exploitation, while an adaptive probability regulation scheme continuously reallocates computational effort toward strategies that demonstrate superior performance. In addition, a solution validation mechanism is incorporated to prevent population degradation by rejecting ineffective evolutionary moves, thereby enhancing convergence stability. Extensive numerical experiments conducted on the CEC2017 and CEC2022 benchmark suites across different dimensional configurations demonstrate that MESETO consistently achieves improved solution accuracy, faster convergence, and stronger robustness compared with several representative state-of-the-art metaheuristic algorithms. Furthermore, the applicability of the proposed optimizer is verified through a 24 h microgrid economic scheduling case that integrates renewable energy sources, energy storage systems, dispatchable generators, and grid interaction. Simulation results confirm that MESETO effectively reduces operational costs while maintaining stable and efficient scheduling performance. Overall, the results indicate that MESETO constitutes a reliable and efficient optimization framework for solving complex global optimization problems and practical energy management applications.
Suggested Citation
Yao Zhang & Jiaxuan Lu & Xiao Yang, 2026.
"MESETO: A Multi-Strategy Enhanced Stock Exchange Trading Optimization Algorithm for Global Optimization and Economic Dispatch,"
Mathematics, MDPI, vol. 14(6), pages 1-42, March.
Handle:
RePEc:gam:jmathe:v:14:y:2026:i:6:p:981-:d:1892893
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:14:y:2026:i:6:p:981-:d:1892893. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address
(email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.