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[P1: 45pts] Consider a simple power network that has three power plants. The cost table and capacities for the power plants, along with the explanation
[P1: 45pts] Consider a simple power network that has three power plants. The cost table and capacities for the power plants, along with the explanation of the metrics are provided below: Metric Metric Plant1 Plant2 Plant3 Type Descriptions Cost Production Cost (per unit) $30 $22 $18 Factors Commitment Cost $130 $100 $100 Capacity Maximum Committed Capacity (units) 20 30 50 Factors Minimum Committed Capacity (units) 5 10 20 Production cost indicates per unit electricity cost for the power plant. Commitment cost is the cost associated with keeping the power plant turned on. Note that to produce electricity, a plant needs to be committed (i.e. turned on). For instance, for Plant 3 to produce 30 units of electricity in the first hour, it first needs to be committed which costs $100, and then needs to spend $(30*18) on production of 30 units of electricity. Entire cost associated with electricity production would be $(100+30*18) = $640. If a plant is committed, it can produce anywhere between its minimum committed capacity to its maximum committed capacity. Referring back to the example of Plant 3, if Plant 3 is committed (turned on), it can produce anywhere between 20 units and 50 units. Demands for the next 10 hours is listed below: 4 8 1 2 3 5 6 7 9 10 50 50 80 70 80 70 50 60 70 100 Electricity cannot be stored without batteries. Therefore, for this problem, you can satisfy the demand at each hour with the production that occurred during the same hour. What would be the production schedule to minimize the cost associated with satisfying the demand in every hour
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