Question: Please explain for below how to: Develop a linear programming model Star Power can use to determine when to buy and sell electricity in order
Please explain for below how to:
- Develop a linear programming model Star Power can use to determine when to buy and sell electricity in order to maximize profit over these 10 weeks. What is the maxi- mum achievable profit?
- Your solution to part (a) should result in a battery level of 0 at the end of period 10. Why does this make sense? Modify your model with the requirement that the battery should be full (60 kWh) at the end of period 10. How does this impact the optimal profit?
- To further investigate the impact of requirements on the battery level at the end of period 10, solve your model from part (b) with the constraint on the ending battery level varying from 0 kWh to 60 kWh in increments of 10 kWh. Develop a graph with profit on the vertical axis and required ending battery level on the horizontal axis. Given that Star has not forecasted LMPs for periods 11, 12, and so on, what ending battery level do you recommend that Star use in its optimization model?

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