1.) The Manzano Petrochemical Corp. is one of the top growing petrochemical companies based in the...
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1.) The Manzano Petrochemical Corp. is one of the top growing petrochemical companies based in the Philippines. It has six oil wells in multiple countries and produces 125,000,000 barrels of oil each year. Five refineries in the Philippines work together to process all of this oil. The yearly capacity of each oil well and refinery are shown in the tables below where one unit represents 1,000,000 barrels of oil. Supply Demand Units Units Oil Well 1 25 Refinery 1 OI Well 2 15 Refinery 2 10 Oil Well 3 20 Refinery 3 20 Oil Well 4 30 Refinery 4 35 OiI Well 5 OH Well 6 Refinery 5 The company employs freight ships that can carry 1,000,000 barrels to transport the oil from overseas back to the Philippines. The cost of transporting 1,000,000 barrels from oil well to refinery varies according to the distance of the refinery to the oil well. The costs in pesos are shown in the table below. Shipping Cost Refinery Refineryz Pefinery s Refinery3 Pefinery a Oll w elli 250000 60000 225000 210000 670000 oil wela 330000 225000 315000 350000 470000 Oil wella 110000 340000 a70000 270000 S000 oll welle 225000 600000 390000 335000 230000 oil wels 000 20000 000 225000 oi welle 260000 400000 220000 500000 310000 Create a schedule on how many units of oil should be transported from the oil wells to the refineries on a yearly basis in order to minimize the total cost of transportation. Using North-West Corner method and the stepping stone method, solve for the minimum total transportation cost. 1.) The Manzano Petrochemical Corp. is one of the top growing petrochemical companies based in the Philippines. It has six oil wells in multiple countries and produces 125,000,000 barrels of oil each year. Five refineries in the Philippines work together to process all of this oil. The yearly capacity of each oil well and refinery are shown in the tables below where one unit represents 1,000,000 barrels of oil. Supply Demand Units Units Oil Well 1 25 Refinery 1 OI Well 2 15 Refinery 2 10 Oil Well 3 20 Refinery 3 20 Oil Well 4 30 Refinery 4 35 OiI Well 5 OH Well 6 Refinery 5 The company employs freight ships that can carry 1,000,000 barrels to transport the oil from overseas back to the Philippines. The cost of transporting 1,000,000 barrels from oil well to refinery varies according to the distance of the refinery to the oil well. The costs in pesos are shown in the table below. Shipping Cost Refinery Refineryz Pefinery s Refinery3 Pefinery a Oll w elli 250000 60000 225000 210000 670000 oil wela 330000 225000 315000 350000 470000 Oil wella 110000 340000 a70000 270000 S000 oll welle 225000 600000 390000 335000 230000 oil wels 000 20000 000 225000 oi welle 260000 400000 220000 500000 310000 Create a schedule on how many units of oil should be transported from the oil wells to the refineries on a yearly basis in order to minimize the total cost of transportation. Using North-West Corner method and the stepping stone method, solve for the minimum total transportation cost.
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Refinery 1 Refinery 2 Refinery 3 Refinery 4 Refinery 5 Supply Oil well 1 250000 60000 225000 210000 670000 25 Oil well 2 330000 225000 315000 350000 470000 15 Oil well 3 110000 340000 370000 370000 54... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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