Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, i have upploaded a similar question with solution, hope it helps, thank you. An oil company produces three types of gasoline, stock gasoline, premium

image text in transcribed

image text in transcribedHi, i have upploaded a similar question with solution, hope it helps, thank you.

An oil company produces three types of gasoline, stock gasoline, premium gasoline and super gasoline. The difference between the gasoline is the octane number. The gasoline are produced by feeding crude oil into a distillation tower to make feedstock oil. This feedstock oil may go into a cracker unit to produce stock gasoline. To produce the different types of gasoline the feedstock oil and stock gasoline are finally blended in a blender unit. The different stages in the production have different maximum capacities and efficiency given in the tables below. There you also have the final net profit for each barrel of the final product Stage Distillation Cracker Blender Efficiency Octane Capacity Input Output .2 82 1,500,000 crude oil feedstock -5 98 200,000 feedstock stock 1 Various Unlimited feedstock, stock final product Final product Octane Profit Demand 87 Stock Premium Super 89 6.70 7.20 8.10 50,000 30,000 40,000 92 The different stages can process at most the given capacity of barrels of oils per day. For each barrel of oil put into each stage it produce the efficiency barrels as output at the given octane value. To produce the final product the company blends feedstock oil with stock gasoline so that the octane value is at least the given octane value for the final product. The octane value of a blend is calculated as the proportional average between the types of oils included. The company can only sell at most as many barrels as the given demand. Formulate a model that decides how much of each type of the final product should be produced per day to maximize the total profit. 7 The company Finder of different gradertonightle.com has to win the policies egen lile plein del contiers ile lewatiethey come forming and dig 19.00 the talent the they can saglitres In the table below you are given the time to mix and bolne kreat each type of ghan, the volume or each packets, and how rach nemesach packout general TV Two) e type Mis lid Stall Medium larg Small Medium Lange Fastga 9 4 Stru 29 9 Detssarghe 157 4 7 Shes Werk machache and in what is we our got be the same type regtar, She the states and be the amount of glue of type and bees we pedas. Now Gebe the income or crew of type and we can the write the active action 6 The calculator chele were were to the wolume whelp of glue the the weapolis Sand type CG Lat abors the mining time in minuto per lite and be be the big tima per tre of stex of pur G. Then we have 23 where M b the total available mixing time, and be the katalarak biling time. , 28 St Income one package of these ne gleypeG where Volume ore package Stegte type gel The Time to mix coltre agluty FG Time to builoni PCO Man labai B Total value that can be beled Vw Number of packages apped An oil company produces three types of gasoline, stock gasoline, premium gasoline and super gasoline. The difference between the gasoline is the octane number. The gasoline are produced by feeding crude oil into a distillation tower to make feedstock oil. This feedstock oil may go into a cracker unit to produce stock gasoline. To produce the different types of gasoline the feedstock oil and stock gasoline are finally blended in a blender unit. The different stages in the production have different maximum capacities and efficiency given in the tables below. There you also have the final net profit for each barrel of the final product Stage Distillation Cracker Blender Efficiency Octane Capacity Input Output .2 82 1,500,000 crude oil feedstock -5 98 200,000 feedstock stock 1 Various Unlimited feedstock, stock final product Final product Octane Profit Demand 87 Stock Premium Super 89 6.70 7.20 8.10 50,000 30,000 40,000 92 The different stages can process at most the given capacity of barrels of oils per day. For each barrel of oil put into each stage it produce the efficiency barrels as output at the given octane value. To produce the final product the company blends feedstock oil with stock gasoline so that the octane value is at least the given octane value for the final product. The octane value of a blend is calculated as the proportional average between the types of oils included. The company can only sell at most as many barrels as the given demand. Formulate a model that decides how much of each type of the final product should be produced per day to maximize the total profit. 7 The company Finder of different gradertonightle.com has to win the policies egen lile plein del contiers ile lewatiethey come forming and dig 19.00 the talent the they can saglitres In the table below you are given the time to mix and bolne kreat each type of ghan, the volume or each packets, and how rach nemesach packout general TV Two) e type Mis lid Stall Medium larg Small Medium Lange Fastga 9 4 Stru 29 9 Detssarghe 157 4 7 Shes Werk machache and in what is we our got be the same type regtar, She the states and be the amount of glue of type and bees we pedas. Now Gebe the income or crew of type and we can the write the active action 6 The calculator chele were were to the wolume whelp of glue the the weapolis Sand type CG Lat abors the mining time in minuto per lite and be be the big tima per tre of stex of pur G. Then we have 23 where M b the total available mixing time, and be the katalarak biling time. , 28 St Income one package of these ne gleypeG where Volume ore package Stegte type gel The Time to mix coltre agluty FG Time to builoni PCO Man labai B Total value that can be beled Vw Number of packages apped

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

Step: 3

blur-text-image

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

My Favorite Auditor Gave Me This Book

Authors: Funny Planner Publishing

1st Edition

1676058060, 978-1676058069

More Books

Students also viewed these Accounting questions

Question

=+ (c) Find a bounded negligible set that is not trifling.

Answered: 1 week ago

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago