=8-20 In the Low Knock Oil Company blending problem, it was assumed that one barrel of crude
Question:
=8-20 In the Low Knock Oil Company blending problem, it was assumed that one barrel of crude would result in one barrel of gasoline as the final product. In processing one barrel of crude, a typical gasoline yield is about 0.46 barrels, although it could be higher or lower than this, depending on the particular crude and processing used. However, other products such as diesel, jet fuel, home fuel oil, and asphalt also come from that same barrel. Assuming that only 46% of the crude turns into gasoline, modify the Low Knock Oil Company linear programming example to account for this. Solve the resulting LP problem, using any computer software.
Step by Step Answer:
Quantitative Analysis For Management
ISBN: 9789332578692
12th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna