Question: An oil company has three different processes that can be used to manufacture different types of gasoline. Each process involves blending oils in the company
An oil company has three different processes that can be used to manufacture different types
of gasoline. Each process involves blending oils in the companys catalytic cracker. Running
process for an hour costs $ and requires barrels of crude oil and barrels of crude oil
The output from running process for an hour is barrels of gas and barrel of gas
Running process for an hour costs $ and requires barrel of crude and barrels of crude
The output from running process for an hour is barrels of gas Running process for
an hour costs $ and requires barrels of crude and barrels of gas The output from
running process for an hour is barrels of gas Each week, barrels of crude at
$barrel and barrels of crude at $barrel may be purchased. All gas produced can be
sold at the following perbarrel prices: gas $; gas $; gas $ Assume that only
hours of time on the catalytic cracker are available each week.
a Formulate an LP whose solution will maximize revenues less costs.
b Solve the problem using Excel solver.
c Solve the problem using CPLEX.
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