USE SIMPLEXMETHOD1. A refinery can buy light crude oil and heavy crude oil. The cost per barrel of these types of oil is 11 and9 euros, respectively. Of each type of oil, the following amounts of gasoline, kerosene, and jet fuel areproduced per barrel.light crude oilheavy crude oilGasoline kerosene0,40 0, 200,320, 40Fuel0, 350,20In the refining process, 5% and 8% of the crude is lost, respectively. The refinery has a contract to deliverone million barrels of gasoline, four hundred thousand barrels of kerosene, and two hundred and fiftythousand barrels of jet fuel. Determine the number of barrels of each type of crude oil that will satisfy thedemand and minimize the cost.

The simplex method is an iterative algorithm used to solve linear programming problems. Linear…

Answered: 1. A refinery can buy light crude oil…

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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