{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-20T22:06:13-04:00", "answer_date": "2024-06-20 22:06:13", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3372360", "url": "\/study-help\/questions\/economic-dispatch-and-duality-question-2-40-points-economic-dispatch-3372360", "question_creation_date_js": "2024-06-20T22:06:13-04:00", "question_creation_date": "Jun 20, 2024 10:06 PM", "meta_title": "[Solved] Economic Dispatch and Duality Question 2. | SolutionInn", "meta_description": "Answer of - Economic Dispatch and Duality Question 2. (40 points). Economic Dispatch and Duality Below is a basic economic dispatc | SolutionInn", "meta_keywords": "economic,dispatch,duality,question,2,40,points,below,basic,problem,dual,special", "question_title_h1": "Economic Dispatch and Duality Question 2. (40 points). Economic Dispatch and Duality Below is a basic economic dispatch problem and its dual. This basic economic", "question_title": "Economic Dispatch and Duality Question 2. (40 points). Economic Dispatch and Duality", "question_title_for_js_snippet": "Economic Dispatch and Duality Question 2 (40 points) 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 not consider transmission constraints The minimum outputs of the units are assumed to be OMW Primal Dual Min EgeG Cgpg Max DA EgeG Pinax ag s t s t EgEG Pg D, (7) 2 ag SCg, 6A (Pg) Pg 2 Pmax BA (ag) ag 2 0, 6A Pg 2 0, 6A 2a) (8 points) What does EgeG Panax ag represent Give an economic interpretation regarding this term and explain Here are some hints generation cost generation revenue generation profit load payment congestion cost congestion revenue capacity revenue capacity rent Additional hint you may or may not need to examine properties regarding complementary slackness 6 2b) (8 points) Explain the strong duality relationship of this primal dual pair (what does it economically tell us) 2c) (8 points) Prove or Disprove It is possible for the optimal solution to be such that for some g, A 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 on the pervious page", "question_description": "\"image

Economic Dispatch and Duality <\/p>

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\"image<\/div><\/div><\/div> Question 2. (40 points). 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 not consider transmission constraints. The minimum outputs of the units are assumed to be OMW. Primal: Dual: Min: EgeG Cgpg Max DA - EgeG Pinax ag s. t. . s.t. . EgEG Pg = D, (7) 2 - ag SCg, 6A (Pg) -Pg 2 - Pmax BA (ag) ag 2 0, 6A Pg 2 0, 6A 2a) (8 points) What does EgeG Panax ag represent? Give an economic interpretation regarding this term and explain. Here are some hints: generation cost; generation revenue; generation profit; load payment; congestion cost; congestion revenue; capacity revenue; capacity rent. Additional hint: you may or may not need to examine properties regarding complementary slackness. 6 2b) (8 points) Explain the strong duality relationship of this primal dual pair (what does it economically tell us). 2c) (8 points) Prove or Disprove: It is possible for the optimal solution to be such that: for some g, A 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 on the pervious page", "transcribed_text": "", "related_book": { "title": "Management Accounting Information for Decision-Making and Strategy Execution", "isbn": "137024975, 978-0137024971", "edition": "6th Edition", "authors": "Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/62.jpg", "uri": "\/textbooks\/management-accounting-information-for-decision-making-and-strategy-execution-6th-edition-62", "see_more_uri": "" }, "free_related_book": { "isbn": "1562055488", "uri": "\/textbooks\/microsoft-windows-nt-for-graphics-professionals-1st-edition-978-1562055486-178222", "name": "Microsoft Windows Nt For Graphics Professionals", "edition": "1st Edition" }, "question_posted": "2024-06-20 22:06:13", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/air-is-a-mixture-of-many-gases-however-in-calculating", "description": "Air is a mixture of many gases. However, in calculating its \"molar mass\" we need consider only the three major components: nitrogen, oxygen, and argon. 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