Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 . ABC Oil produces oil at two wells. Well 1 can produce as many as 1 5 0 , 0 0 0 barrels

Question 8.
ABC Oil produces oil at two wells. Well 1 can produce as many as 150,000 barrels per day, and well 2 can produce as many as 200,000 barrels per day. It is possible to ship oil directly from the wells to ABC''s customers in Konya and Ankara. Alternatively, ABC could transport oil to the ports of Izmir and Iskenderun and then ship it by tanker to Ankara or Konya. Konya requires 160,000 barrels per day, and Ankara requires 140,000 barrels per day. The costs of shipping 1,000 barrels between two points are shown in Table below. Formulate a transshipment model that could be used to minimize the transport costs in meeting the oil demands of Konya and Ankara. (- means shipment not available) Solve the model on Excel.
\table[[From,To ($)],[Well 1,Well 2,Izmir,Iskenderun,Ankara,Konya],[Well 1,0,-,10,13,25,28],[Well 2,-,0,15,12,26,25],[Izmir,-,-,0,6,16,17],[skenderun,-,-,6,0,14,16],[Ankara,-,-,-,-,0,15],[Konya,-,-,-,-,15,0]]
image text in transcribed

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

Human Resource Management Employees And Employers In Action

Authors: Cynthia Fontelle, Louis Bevoc

1st Edition

1688510249, 978-1688510241

More Books

Students also viewed these General Management questions