CWD Oil produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and $0.50 per gallon for premium gasoline. Each gallon of regular gasoline contains 0.3 gallons of grade A crude oil and each gallon of premium gasoline contains 0.6 gallons of grade A crude oil. For the next production period, CWD has 18,000 gallons of grade A crude oil available. The refinery used to produce the gasolines has a production capacity of 50,000 gallons for the next production period. CWD Oil’s distributors have indicated that demand for the premium gasoline for the next production period will be at most 20,000 gallons. d. What is the optimal solution e. Solve in excel
CWD Oil produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and $0.50 per gallon for premium gasoline. Each gallon of regular gasoline contains 0.3 gallons of grade A crude oil and each gallon of premium gasoline contains 0.6 gallons of grade A crude oil. For the next production period, CWD has 18,000 gallons of grade A crude oil available. The refinery used to produce the gasolines has a production capacity of 50,000 gallons for the next production period. CWD Oil’s distributors have indicated that demand for the premium gasoline for the next production period will be at most 20,000 gallons. d. What is the optimal solution e. Solve in excel
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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CWD Oil produces two grades of gasoline: regular and premium. The profit contributions are
$0.30 per gallon for regular gasoline and $0.50 per gallon for premium gasoline. Each gallon of
regular gasoline contains 0.3 gallons of grade A crude oil and each gallon of premium gasoline
contains 0.6 gallons of grade A crude oil. For the next production period, CWD has 18,000 gallons
of grade A crude oil available. The refinery used to produce the gasolines has a production capacity
of 50,000 gallons for the next production period. CWD Oil’s distributors have indicated that
demand for the premium gasoline for the next production period will be at most 20,000 gallons.
d. What is the optimal solution
e. Solve in excel
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