Question
Objective function: minimize total cost = MCG1 * PG1 + MCG2 * PG2 subject to: PG1 + PG2 = 200 50 PG1 200 0 PG2
Objective function: minimize total cost = MCG1 * PG1 + MCG2 * PG2 subject to: PG1 + PG2 = 200 50 PG1 200 0 PG2 200 Using the Lagrange multiplier method, we can solve the problem and obtain the following optimal solution: PG1 = 100 MW, PG2 = 100 MW Total cost = $1500 How do I do the Lagrange multiplier method?
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
