FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EXAMPLE 5: BLENDNG PROBLEM FOR A PETROLEUM REFINERY 7 Three types of petrol (minimum Octane rating: 85, 90, 95) Four types of oils (Octane rating:

image text in transcribed

EXAMPLE 5: BLENDNG PROBLEM FOR A PETROLEUM REFINERY 7 Three types of petrol (minimum Octane rating: 85, 90, 95) Four types of oils (Octane rating: 68, 86, 91, 99) Blending oils petrol, with proportional Octane rating Oils which are not used in any blend are sold directly as raw oils Objective: best product mix [how much of each petrol, oil to sell] to maximize total profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Islamic Finance Law Economics And Practice

Islamic Finance Law Economics And Practice

Authors: Mahmoud A. El-Gamal

1st Edition

0521864143,0511218117

More Books

Students also viewed these Finance questions

Question

★★★★★
Would a firm with a relatively long operating cycle tend to charge a higher markup on its inventory cost than a firm with a short operating cycle? Discuss.

Answered: 1 week ago

Question

★★★★★
The following data have been extracted from the records of Puzzle Incorporated: \ table [ [ , February,August ] , [ Production level, in units, 9 , 7 0 0 , 1 7 , 4 6 0 ] , [ , $ 2 1 , 3 4 0 , $

Answered: 1 week ago

Question

★★★★★
Do paragraphs begin with a topic sentence? Do the subsequent sentences in the paragraph build on the idea in the topic sentence?

Answered: 1 week ago

Question

★★★★★
In Wayne Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing...

Answered: 1 week ago

Question

★★★★★
(Compound interest with nonannual periods) a. Calculate the future sum of $3,000, given that it will be held in the bank for 9 years at an APR of 7 percent. b. Recalculate part a using compounding...

Answered: 1 week ago

Question

★★★★★
Which protocol is described in RFC 7 7 6 1 and uses shared distribution trees rooted at the RP , but may switch to the source - rooted distribution tree? PIM - SM MP - BGP with MSDP PIM - DM OSPFv 3

Answered: 1 week ago

Question

★★★★★
2. Discuss the characteristics and costs of useful information. What makes information useful and what types of costs are associated?

Answered: 1 week ago

Question

★★★★★
urniture Company During 2025, Oriole Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Oriole for a lump sum of $149,625 because it is discontinuing...

Answered: 1 week ago

Question

★★★★★
ANSWER THIS TWO QUESTIONS FOR EVERY OF THE FOLLOWING SITUATIONS 1. What was the loss recognized in the year? 2. What was the provision for debt recognized in the year? This is known as accumulation...

Answered: 1 week ago

Question

★★★★★
1. Print out the last page of this document and fill in the table according to the following information. The table on page 3 contains the population of the people in Boise every 10 years from 1910...

Answered: 1 week ago

Question

★★★★★
Speedy Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two divisions...

Answered: 1 week ago

Previous Question Next Question