Question: Sunco processes oil into aviation fuel and heating oil It
Sunco processes oil into aviation fuel and heating oil. It costs $40 to purchase each 1000 barrels of oil, which is then distilled and yields 500 barrels of aviation fuel and 500 barrels of heating fuel. Output from the distillation may be sold directly or processed in the catalytic cracker. If sold after distillation without further processing, aviation fuel sells for $60 per 1000 barrels and heating oil sells for $40 per 1000 barrels. It takes 1 hour to process 1000 barrels of aviation fuel in the catalytic cracker, and these 1000 barrels can be sold for $130. It takes 45 minutes to process 1000 barrels of heating oil in the cracker and these 1000 barrels can be sold for $90. Each day, at most 20,000 barrels of oil can be purchased and 8 hours of cracker time are available. Sunco would like to maximize their profits. Provide a linear programming model formulation only; you do not need to identify an optimal solution.
Answer to relevant QuestionsThe data in the table below are the results of a random sample of recent home sales in your neighborhood that your boss has asked you to use to estimate the relationship between the selling price of the house and the number ...The calculation of a Sigma level, is based on the number of defects per million opportunities (DPMO). In order to calculate the DPMO, three distinct pieces of information are required: a) The number of units producedb) The ...Enrollment at MTSU in spring 2005 is 24,000 and it grows at a rate of 5% per year. What is the projected enrollment for spring 2010? a. 30,000 b. 30,631 c. 32,123 d. None of the aboveConsider the following hypothesis test:Hο: μ ≥ 45Hα: μ < 45A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use α=.01.a. x ̅= 44 and s = 5.2b. x ̅= 43 ...Kaui Surf Boards is seeking to raise capital from a large group of investors to expand its operations. Those investors currently hold the S&P 500 index, which has a standard deviation of 18% and expected return of 10%. Kaui ...
Post your question