manager of an oil refinery has 8 million barrels of crude oil A and 5 million barrels of crude oil B allocated for production during the coming month. These resources can be used to make either gasoline, which sells for $38 per barrel, or home heating oil, which sells for $33 per barrel. The three production processes have the characterstics in the pictured table. All quantities are in barrels. For example, with the first process, 3 barrels of crude A and 5 barrels of crude B are used to produce 4 barrels of gasoline and 3 barrels of heating oil at a cost of $51. Formulate a linear programming problem that would help the manager maximize net revenue over the next month. Re-write this LP problem using matrix-vector notations. This problem is an example from lecture that was never solved.
A manager of an oil refinery has 8 million barrels of crude oil A and 5 million barrels of crude oil B allocated for production during the coming month. These resources can be used to make either gasoline, which sells for $38 per barrel, or home heating oil, which sells for $33 per barrel. The three production processes have the characterstics in the pictured table. All quantities are in barrels. For example, with the first process, 3 barrels of crude A and
5 barrels of crude B are used to produce 4 barrels of gasoline and 3 barrels of heating oil at a cost of $51. Formulate a linear programming problem that would help the manager maximize net revenue over the next month. Re-write this LP problem using matrix-vector notations.
This problem is an example from lecture that was never solved.
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