Reference no: EM13998478
A refinery manufactures two grades of fuel, F1 and F2, by blending four types gasoline, A, B, C, D. Fuel F1 uses gasolines A, B, C, and Din the ratio 1:1:2:4, uel F2 uses the ratio 2:2:1:3. The supply limits for A, B, C, and Dare 1000, 120 00, and 1500 bbl/day respectively. The costs per bbl for gasolines A, B, C, an , are $120, $90, $100, and $150, respectively. Fuels F1 and F2 sell for $200 an 250 per bbl, respectively. The minimum demand for F1 and F2 is 200 and 400 bl/day, respectively. Develop an LP model and determine the optimal roduction mix for F1 and F2.
|
Level of production in this long-run equilibrium
: Suppose that the long-run world demand and supply elasticities of crude oil are -0.906 and 0.515, respectively. The current long-run equilibrium price is $30 per barrel and the equilibrium quantity is 16.88 billion barrels per year. Next, suppose the..
|
|
How much oil will be produced if the market price of oil
: Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there are no user costs. Assume that each well can produce 100 barrels of oil per day. How much oil will be produced if the mark..
|
|
Determine the optimal montly sales volume for this product
: A large wood products company is negotiating a contact to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. What is the domain of ..
|
|
Budgeted amount be allocated between ad radio advertising
: Top Toys is planning a new radio and TV advertising campaign. A radio commercial costs $300 and TV commercial costs $2000. A total budget of $ is allocated. For TV, the first commercial will reach 4,500 people and each addition one will reach 3,000. ..
|
|
Determine the optimal roduction mix
: A refinery manufactures two grades of fuel, F1 and F2, by blending four types gasoline, A, B, C, D. Fuel F1 uses gasolines A, B, C, and Din the ratio 1:1:2:4, uel F2 uses the ratio 2:2:1:3. The minimum demand for F1 and F2 is 200 and 400 bl/day, resp..
|
|
Sustainable practices makes good business sense
: Discuss one businesses case for why the textile industry is interested in sustainable practices and why you find it interesting. Can you think of another example where sustainable practices makes good business sense?
|
|
It used force to capture established ports like malacca
: In which of the following ways did the English East India Company differ from the Dutch East India Company? It used force to capture established ports like Malacca. It began to concentrate on creating manufacturing centers in South Asia.
|
|
Discussion-with marketers increasingly adopting
: Take a position: Mass marketing is dead versus mass marketing is still a viable way to build a profitable brand. Discussion-with marketers increasingly adopting more and more refined market.
|
|
The operation cost is estimated
: The initial cost of a pickup truck is $10256 and will have a salvage value of $3800 after five years. Maintenance is estimated to be a uniform gradient amount of $152 per year, with zero dollar for first year maintenance. The operation cost is estima..
|