In the electricity pricing model in Example 7.4, we assumed that the capacity level is a decision
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In the electricity pricing model in Example 7.4, we assumed that the capacity level is a decision variable. Assume now that capacity has already been set at 0.700 million of mWh. Change the model appropriately and run Solver. Then use SolverTable to see how sensitive the optimal solution is to the capacity level, letting it vary over some relevant range. Does it appear that the optimal prices are set so that demand always equals capacity for at least one of the two periods of the day?
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Model Electricity pricing model Range names used CommonCapacity ModelB21C21 Input data De...View the full answer
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Related Book For 
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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