Public Service Indiana (PSI) is considering five possible locations to build power plants during the next 20 years. It will cost ci dollars to build a plant at site i and hi dollars to operate a site i plant for a year. A plant at site i can supply ki kilowatthours (kwh) of generating capacity. During year t, dt kwh of generating capacity are required. Suppose that at most one plant can be built during a year, and if it is decided to build a plant at site i during year t, then the site i plant can be used to meet the year t (and later) generating requirements. Initially, PSI has 500,000 kwh of generating capacity available.
Formulate a recursion that PSI could use to minimize the sum of building and operating costs during the next 20 years.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here