Question: A refinery processes two crude oils that have the yields shown in the following table. Because of equipment and storage Limitations, production of gasoline, kerosene,
A refinery processes two crude oils that have the yields shown in the following table. Because of equipment and storage Limitations, production of gasoline, kerosene, and fuel oil must be limited as shown below. There are no plant limitations on the production of other products such as gas oils. The profit on processing crude No. 1 is $2.00/bbl, and on crude No. 2 it is $1.40/bbl. Find the optimum daily feed rates of the two crudes to this plant via linear programming using the ExcelSolver.
Yields (Volume %) Maximum Crude Crude Allowable Production Rate (bbi/day) No. 1 No. 2 Gasoline 70 31 6,000 2,400 12,000 Kerosene Fuel oil 24 60
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Let x be the daily feed rate of Crude No1 in bblday x be the daily feed rate of Crude No2 in bbld... View full answer
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