Question: Please write down constrains and solve it by excel solver A refinery blends four petroleum components into three grades of petrol- regular1, regular2 and low

Please write down constrains and solve it by

Please write down constrains and solve it by excel solver

A refinery blends four petroleum components into three grades of petrol- regular1, regular2 and low lead. The Maximum quantities available of each component and the cost per barrel are as follows. Maximum Barrels Available/ day Cost/barrel Component WN 1 2. 3 4 5400 2900 5600 3400 11.00 12.00 12.00 12.50 To ensure that each petrol grade retains certain essential characteristics, the refinery has put limits on the percentage of the components in each blend. The limits as well as the selling prices for the various grades are as follows. The Component Specification Selling Price/ barrel Grade Not less than 13% ofl Regular1 Not more than 6% of 2 16.00 Not less than 6% of 3 Not less than 9% of 2 Regular 2 not more than 7%0f3 14.00 Not less than 6% of 4 Not less than 8% of 3 LowLead Not more than 10%of 4 18.00 Not less than 8% of 1 The refinery wants to produce at least 2500 barrels of each grade of petrol. What is the maximal daily profit that the company can gain by defining optimal mix of the four components

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