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1. A refinery can buy light crude oil and heavy crude oil. The cost per barrel of these types of oil is 11 and 9 euros, respectively. Of each type of oil, the following amounts of gasoline, kerosene, and jet fuel are produced per barrel. light crude oil heavy crude oil Gasoline kerosene 0,40 0, 20 0,32 0,40 Fuel 0, 35 0,20 In the refining process, 5% and 8% of the crude is lost, respectively. The refinery has a contract to deliver one million barrels of gasoline, four hundred thousand barrels of kerosene, and two hundred and fifty thousand barrels of jet fuel. Determine the number of barrels of each type of crude oil that will satisfy the demand and minimize the cost.

1. A refinery can buy light crude oil and heavy crude oil. The cost per barrel of these types of oil is 11 and 9 euros, respectively. Of each type of oil, the following amounts of gasoline, kerosene, and jet fuel are produced per barrel. light crude oil heavy crude oil Gasoline kerosene 0,40 0, 20 0,32 0,40 Fuel 0, 35 0,20 In the refining process, 5% and 8% of the crude is lost, respectively. The refinery has a contract to deliver one million barrels of gasoline, four hundred thousand barrels of kerosene, and two hundred and fifty thousand barrels of jet fuel. Determine the number of barrels of each type of crude oil that will satisfy the demand and minimize the cost.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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USE SIMPLEX METHOD 1. A refinery can buy light crude oil and heavy crude oil. The cost per barrel of these types of oil is 11 and 9 euros, respectively. Of each type of oil, the following amounts of gasoline, kerosene, and jet fuel are produced per barrel. light crude oil heavy crude oil Gasoline kerosene 0,40 0, 20 0,32 0, 40 Fuel 0, 35 0,20 In the refining process, 5% and 8% of the crude is lost, respectively. The refinery has a contract to deliver one million barrels of gasoline, four hundred thousand barrels of kerosene, and two hundred and fifty thousand barrels of jet fuel. Determine the number of barrels of each type of crude oil that will satisfy the demand and minimize the cost.
Transcribed Image Text:USE SIMPLEX METHOD 1. A refinery can buy light crude oil and heavy crude oil. The cost per barrel of these types of oil is 11 and 9 euros, respectively. Of each type of oil, the following amounts of gasoline, kerosene, and jet fuel are produced per barrel. light crude oil heavy crude oil Gasoline kerosene 0,40 0, 20 0,32 0, 40 Fuel 0, 35 0,20 In the refining process, 5% and 8% of the crude is lost, respectively. The refinery has a contract to deliver one million barrels of gasoline, four hundred thousand barrels of kerosene, and two hundred and fifty thousand barrels of jet fuel. Determine the number of barrels of each type of crude oil that will satisfy the demand and minimize the cost.
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