Question: Q1. Use the Simplex Method and Solver program? b) A small petroleum company owns two refineries. Refinery-1 costs $25,000 per day to operate, and it
Q1. Use the Simplex Method and Solver program?
b) A small petroleum company owns two refineries. Refinery-1 costs $25,000 per day to operate, and it can produce 300 barrels of high-grade oil, 200 barrels of medium-grade oil, and 150 barrels of low-grade oil each day. Refinery 2 is newer and more modern. It costs $30,000 per day to operate, and it can produce 300 barrels of high-grade oil, 250 barrels of medium-grade oil, and 400 barrels of low-grade oil each day. The company has orders totaling 35,000 barrels of high-grade oil, 30,000 barrels of medium-grade oil, and 40,000 barrels of low-grade oil. How many days should the company run each refinery to minimize its costs and still meet its orders?
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