Question: Please include Excel work, thank you:) 3. A power company has a maximum capacity of 2.5 million kilowatt-hours(kWh) of electricity power available on daily basis.

Please include Excel work, thank you:)

3. A power company has a maximum capacity of 2.5 million kilowatt-hours(kWh) of electricity power available on daily basis. The demand (in millions of kWh) for power from its customer for high demand hours (peak) and low demand hours (off-peak) is determined by the following formula: high demand: 5.8 0.06Pn +0.005p, low demand: 3.0 0.1192 +0.008Pn Pn is the price per kWh during high demand hours and p, is the is the price per kWh during low demand hours. Formulate and to solve a nonlinear programming model to determine the price per kWh to maximize the revenue. (Use Excel to solve)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Please use the Excel solver to solve the nonlinear programming model you make for this problem. Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours ( kWh ) of electric power...

thank you :)) 2. Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours (kWh) of electric power available on a daily basis. The demand (in millions of kWh ) for power from its...

Please solve the nonlinear programming model with the EXCEL solver. Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours ( kWh ) of electric power available on a daily basis....

Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours (kWh) of electric power available on a daily basis. The demand (in millions of kWh) for power from its customers for...

Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours (kWh) of electric power available daily. The demand (in millions of kWh) for power from its customers for high-demand...

it is a programming question, please consider it. Q3. A power supplier company has a maximum capacity of 2.5 million kilowatt-hours (kWh) of electric power available on a daily basis. The demand (in...

Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hour (kwh) of electric power available on a daily basis. The demand (in millions of kwh) for power from its customers for high...

Luploid Co is the parent company of a group undergoing rapid expansion through acquisition. Luploid Co has acquired two subsidiaries in recent years, Colyson Co and Hammond Co. The current financial...

Generate specific examples of world-class business that you have seen as a customer. Also generate examples of poor business practice. Why and how do some companies inspire world-class service, while...

Problem 9 . 1 3 d , e Application of break - even calculation. San Juan Health Department Givens: Part d A Charges per patient $ 3 5 0 B Variable cost / patient $ 8 0 C Total fixed costs $ 3 2 5 , 0...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...