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Unformatted text preview: ORIE 3300/5300 Fall 2011 Prof. Bland Problem Set 7 Due 10/25/2011, 11:40 a.m. Submit hardcopy in Hollister B14 at the beginning of lecture on 10/25 . Only 1 sub- mission from each group. This problem set is a continuation of Recitation Exercise 7. The problem set begins with problem 2. Problem 1 was the problem on the recitation exercise. If you worked with a partner on Recitation Exercise 7, work with the same partner on this (or you may work alone). 2. ESI management is considering a different approach to going green. Corporate headquarters is considering a voluntary carbon tax on the number of MWh consumed during the fourth quarter. The tax will be of the form > 0 dollars per MWH for every MWH above some threshold (in MWHs) used during the quarter. To aid them in making this decision they have inquired about how much revenue would be lost this quarter if such a voluntary carbon tax were imposed. Modify your algebraic model to incorporate the carbon tax. Your objective function should be net revenue: subtract the carbon tax from the...
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