The manager of an oil refinery must decide on the optimal number of two possible blending...
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The manager of an oil refinery must decide on the optimal number of two possible blending processes. Process 1: Requires 5 units of crude oil A and 3 units of crude oil B Produces 6 units of winter gasoline and 8 units of summer gasoline Process 2: Requires 4 units of crude oil A and 5 units of crude oil B Produces 4 units of winter gasoline and 4 units of summer gasoline The maximum amount available of crude A and B is 200 units and 150 units respectively. Market requirements show that at least 100 units of winter gasoline and 80 units of summer gasoline must be produced. The profits per production run from process 1 and process 2 are 3 million dollars and 5 million dollars, respectively. Construct the Linear Programming model required to maximize the profit. No need to solve for the optimal solution. The manager of an oil refinery must decide on the optimal number of two possible blending processes. Process 1: Requires 5 units of crude oil A and 3 units of crude oil B Produces 6 units of winter gasoline and 8 units of summer gasoline Process 2: Requires 4 units of crude oil A and 5 units of crude oil B Produces 4 units of winter gasoline and 4 units of summer gasoline The maximum amount available of crude A and B is 200 units and 150 units respectively. Market requirements show that at least 100 units of winter gasoline and 80 units of summer gasoline must be produced. The profits per production run from process 1 and process 2 are 3 million dollars and 5 million dollars, respectively. Construct the Linear Programming model required to maximize the profit. No need to solve for the optimal solution.
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Formulating linear Materials Crude Oil A Crude Oil B Klinter gasoline fummer gasoline Pro... View the full answer
Related Book For
Accounting for Decision Making and Control
ISBN: 978-1259564550
9th edition
Authors: Jerold Zimmerman
Posted Date:
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