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Suppose we are planning power system operations for 4 hours. Demand in the four hours is 350, 480, 460, and 380 MW, respectively. We have a collection of zero-cost variable resources with output of 0, 80, 40, and 0 MW in the four hours. We also have a collection of thermal assets with a cost function f(x) = .05x 2 (e.g., it costs $500 to produce 100 MW for an hour and $2000 to produce 200 MW for an hour). As in Problem 2, we can also curtail load at a cost of $10,000/MWh. Construct a model in Excel describing this system and solve to determine an optimal production schedule for the three resources (variable, thermal, and demand). Since the problem is nonlinear, you will need to choose the GRG Nonlinear solving method rather than Simplex LP.
Studies that consider the effects of immigrating from Mexico to the United States generally find that the big winners are the immigrants themselves. Explain this result in terms of the example in the question above. How might things change if the bor..
How can innovations in health care technology impact a population health model. Give examples of technology that is available now?
By spending $20K now, $25K three years from now, and $30K five years from now to upgrade presently owned equipment, a company can increase its annual revenue by $15K in years 1 through 5 and by $18K per year in years 6 through 10. At an interest rate..
What has been the economic effect of marijuana legalization in Nevada, California and all the states that have legalized both medical and recreation marijuana? What similarities or dissimilarities are there, when you compare marijuana legalization wi..
qq.here is my question i need help with monopoly in the market for news. the cnn is considering offering articles to
The gap between average total cost (ATC) and average variable cost (AVC) becomes larger when output increases. Marginal cost curve cuts the lowest point of the average cost curve.
Beverly is planning a summer vacation and is about to book a hotel room online for $149 a night. However, when she gets to the reservation screen, you are infor
HI5003 Economics for Business GDP- Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP
(b) Please calculate the range of the possible relative prices (pa/pe) for the two kinds of goods.
Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%.
assuming the price of labor is 6 per unit and the price of capital is 12 per unit compute the total variable costs the
Illustrate wwhat is the effect on the market for one hour of babysitting services in Middling today.
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