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Economic Dispatch and Duality. Below is a basic economic dispatch problem and its dual. This basic economic dispatch problem is a special case that does

Economic Dispatch and Duality.

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Below is a basic economic dispatch problem and its dual. This basic economic dispatch problem is a special case that does not consider transmission constraints. The minimum outputs of the units are assumed to be DMW. Primal: Dual: MingEG cypg Max D11 29,55 Pm\"!!! A] What does 29H; gmmrtg represent? IGive an economic interpretation regarding this term and explain {Generation costlrevenuefprofit). Examine properties regarding complementary slackness. B} Explain the strong duality:r relationship of this primal dual pair, what does it economically tell us? C] It is possible for the optimal solution to be such that: for some 9, El 0? This states that there is a generator that is producing while the market clearing price is below its marginal cost. Refer only to the structure of the economic dispatch formulation given. Explain. D) It is possible foril 2> cg only if pg 2 Jim\"? E} It is possible for the optimal solution to be such that: for some 9, ('5 D? This states that there is a generator that is producing while market clearing price is below its marginal cost. Refer only to the structure of the economic dispatch formulation given below. Note that 39m\" at 135mm and 135mm '.> 0

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