Chapter 1
† Incremental production cost involes cost of land, cost of maintenance, cost of equipment, cost of installation, cost of wages etc. Since it is cumbersome to obtain these values seperately, these are normally taken as a percentage of incremental fuel cost.
Chapter 2
† Initial value of ‘λ’ should be selected in such a way that its value is slightly greater than the highest constant value present in the given incremental production cost, so that we get a faster convergence.
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