13 Carrington Oil produces two types of gasoline, gas 1 and gas 2, from two types of...
Question:
13 Carrington Oil produces two types of gasoline, gas 1 and gas 2, from two types of crude oil, crude 1 and crude 2. Gas 1 is allowed to contain up to 4% impurities, and gas 2 is allowed to contain up to 3% impurities. Gas 1 sells for
$8 per barrel, whereas gas 2 sells for $12 per barrel. Up to 4,200 barrels of gas 1 and up to 4,300 barrels of gas 2 can be sold. The cost per barrel of each crude, availability, and the level of impurities in each crude are as shown in Table 31. Before blending the crude oil into gas, any amount of each crude can be “purified” for a cost of $0.50 per barrel.
Purification eliminates half the impurities in the crude oil.
Determine how to maximize profit.
Step by Step Answer:
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston