! 4.2 The input-output curve of a gas-fired generating unit is approximated by thefollowing function:H(P) = 120 + 9.3 P + 0.0025 P² MJ/hThis unit has a minimum stable generation of 200 MW and a maximum outputof 500 MW. The cost of gas is 1.20 $/MJ. Over a 6-h period, the output ofthis unit is sold in a market for electrical energy at the prices shown in thetable below.Period1346Price ($/MWh)12.5101313.51511Assuming that this unit is optimally dispatched, is initially on-line and cannotbe shut down, calculate its operational profit or loss for this period.

Input-output curve function: H(P)=120+9.3P+0.0025P2 MJ/h Minimum output = 200 MW Maximum output =…

Answered: The input-output curve of a gas-fired…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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