Question: table [ [ Vegetable oils,VEG 1 ] , [ , VEG 2 ] , [ Non - vegetable oils,OIL 1 ] , [ ,
tableVegetable oils,VEG VEG Nonvegetable oils,OIL OIL OIL
Each oil may be purchased for immediate delivery January or bought on the futures market for delivery in a subsequent month. Prices at present and in the futures market are given below in ton:
tableVEG VEG OIL OIL OIL JanuaryFebruaryMarchAprilMayJune
The final product sells at per ton.
Vegetable oils and nonvegetable oils require different production lines for refining. In any month, it is not possible to refine more than tons of vegetable oils and more than tons of nonvegetable oils. There is no loss of weight in the refining process, and the cost of refining may be ignored.
It is possible to store up to tons of each raw oil for use later. The cost of storage for vegetable and nonvegetable oil is per ton per month. The final product cannot be stored, nor can refined oils be stored.
There is a technological restriction of hardness on the final product. In the units in which hardness is measured, this must lie between and It is assumed that hardness blends linearly and that the hardnesses of the raw oils are
tableVEG VEG OIL OIL OIL
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