Question: a) Formulate a model for this problem, taking care to define each of the variables used. (b) Solve the model using Excel. (c) State the

a) Formulate a model for this problem, taking care to define each of the variables used.

(b) Solve the model using Excel.

a) Formulate a model for this problem, taking care to define each

An gasoline blending operation has three types of inputs, with the following prices and characteristics: The inputs are blended to produce two outputs, with the following outputs and promised specifications: The blending operation has a capacity of 1,000,000 litres/day overall. Subject to the overall capacity, up to 500,000 litres/day of any input, or 650,000 litres/day of any output can be handled. We can assume that there are no losses in the blending process, and that the characteristics of the outputs are a weighted average (by volume) of the characteristics of the inputs

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