3) Several forms of gasoline are produced during the petroleum refining process, and a last step...
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3) Several forms of gasoline are produced during the petroleum refining process, and a last step combines them to obtain market products with specified quality measures. Suppose 4 different gasolines are available, with values for the 2 indexes of quality being 99 and 210, 70 and 335, 78 and 280, and 91 and 265, respectively. Using corresponding costs per barrel of $48, $43, $58, and $46, we would like to choose a minimum cost blend with a first quality index between 85 and 90 and a second index between 270 and 280. Formulate a blending LP to choose an optimal gasoline blend. 3) Several forms of gasoline are produced during the petroleum refining process, and a last step combines them to obtain market products with specified quality measures. Suppose 4 different gasolines are available, with values for the 2 indexes of quality being 99 and 210, 70 and 335, 78 and 280, and 91 and 265, respectively. Using corresponding costs per barrel of $48, $43, $58, and $46, we would like to choose a minimum cost blend with a first quality index between 85 and 90 and a second index between 270 and 280. Formulate a blending LP to choose an optimal gasoline blend.
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Blending LP Formulation for Gasoline Optimization Decision Variabl... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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