Question
Three types of gasolines are manufactured by a company Regular, Super, and Extra. Regular should have at least 11 percent additive 1 and 17
Three types of gasoline’s are manufactured by a company – Regular, Super, and Extra. Regular should have at least 11 percent additive 1 and 17 percent additive 2. Super should have at least 13 percent additive 1 and 22 percent additive 2. Extra should have at least 17 percent additive 1 and 19 percent additive 2. These are made by using two crudes – A and B. Crude A cost $28 per barrel and is 14 percent additive 1 and 18 percent additive 2. Crude B costs $30 per barrel and is 20 percent additive 1 and 24 percent additive 2. The demand for Regular is projected to be 1,000 barrels, while each of the others has a demand of 2,000 barrels. Formulate this as a linear programming problem to minimize cost while meeting all constraints.
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Let Additive 1 be referred as a1 Let Additive 2 be referred as a2 Let Quantity of Barrels for CrudeA ...Get Instant Access to Expert-Tailored Solutions
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
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