An oil company produces three different grades of motor oil. All the three products are obtained...
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An oil company produces three different grades of motor oil. All the three products are obtained by blending two components. These components contribute various properties including viscosity. The viscosity of the product is proportional to the viscosity of the blending components. The relevant data is shown in the table below. Assuming no limitation on the demand. Determine how many barrel of each product the company should produce each week. Viscosity Cost per barrel Availability per Blending Component week (bbl) 1 20 36.50 10000 2 60 41.00 4000 Product Revenue Per Barrel A 38 B 39 C 41 Viscosity Required 30 40 50 An oil company produces three different grades of motor oil. All the three products are obtained by blending two components. These components contribute various properties including viscosity. The viscosity of the product is proportional to the viscosity of the blending components. The relevant data is shown in the table below. Assuming no limitation on the demand. Determine how many barrel of each product the company should produce each week. Viscosity Cost per barrel Availability per Blending Component week (bbl) 1 20 36.50 10000 2 60 41.00 4000 Product Revenue Per Barrel A 38 B 39 C 41 Viscosity Required 30 40 50
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Answer Let A1 A2 Portion of component1 and 2 present in productA respectively B1 B2 Portion of compo... View the full answer
Related Book For
Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker
Posted Date:
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