Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HydroGreen applies different pricing for its fuel to regions around the UK. To do this, Hydro- Green wants to use location data that they
HydroGreen applies different pricing for its fuel to regions around the UK. To do this, Hydro- Green wants to use location data that they have from their top 14 clients (fuel stations) to implement a k-median clustering, where the target is to have the same hydrogen price in each cluster. Assume that the distance between two fuel stations is given by the distance. (i) Can you advise HydroGreen for an optimal clustering using three regional centres? (ii) HydroGreen can use up to five different hydrogen prices around the UK (one price for each region). What would you recommend if their goal is to minimise the dissimilarity for each region?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Introduction HydroGreen is aiming to optimize its fuel pricing strategy across regions in the UK using kmedian clustering based on the location data o...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started