Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level required. Regular fuel must have a minimum octane level of 90 while super must have a level of at
least 100. The cost per barrel, octane levels and available amounts (in barrels) for the upcoming two-week period appear in the table below. Likewise, the maximum demand for each end product and the revenue generated per barrel are shown below.
Ingredient
1
Max
2
s.t.
3
Cost/Barrel
$16.50
$14.00
$17.50
Revenue/Barrel
$18.50
$20.00
Max Demand (barrels)
Regular
350,000
500,000
Super
Develop and solve a linear programming model to maximize contribution to profit.
Let R; = the number of barrels of input i to use to produce Regular, i = 1, 2, 3
S; = the number of barrels of input i to use to produce Super, i = 1, 2, 3
If required, round your answers to one decimal place. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) If the constant is "1" it must be entered in the box.
R₁ +
R1
R1 +
Octane Available (barrels)
100
87
R₁ +
S1 +
110
R1, R2, R3, S1, S2, S3 2 0
What is the optimal contribution
Maximum Profit = $
to profit?
R₂ +
R₂ +
110,000
350,000
300,000
R2 +
R₂ +
S2 +
by making
R3 +
R3
R3
+
R3 2
S3 2
barrels of Regular and
S1 +
S1
+
S1 +
R₁ +
S1 +
S2 +
S2
+
S2 +
R₂ +
S2 +
barrels of Super.
S3
S
S
S3 S
S
S3 S
R3
S3
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Transcribed Image Text:Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level required. Regular fuel must have a minimum octane level of 90 while super must have a level of at least 100. The cost per barrel, octane levels and available amounts (in barrels) for the upcoming two-week period appear in the table below. Likewise, the maximum demand for each end product and the revenue generated per barrel are shown below. Ingredient 1 Max 2 s.t. 3 Cost/Barrel $16.50 $14.00 $17.50 Revenue/Barrel $18.50 $20.00 Max Demand (barrels) Regular 350,000 500,000 Super Develop and solve a linear programming model to maximize contribution to profit. Let R; = the number of barrels of input i to use to produce Regular, i = 1, 2, 3 S; = the number of barrels of input i to use to produce Super, i = 1, 2, 3 If required, round your answers to one decimal place. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) If the constant is "1" it must be entered in the box. R₁ + R1 R1 + Octane Available (barrels) 100 87 R₁ + S1 + 110 R1, R2, R3, S1, S2, S3 2 0 What is the optimal contribution Maximum Profit = $ to profit? R₂ + R₂ + 110,000 350,000 300,000 R2 + R₂ + S2 + by making R3 + R3 R3 + R3 2 S3 2 barrels of Regular and S1 + S1 + S1 + R₁ + S1 + S2 + S2 + S2 + R₂ + S2 + barrels of Super. S3 S S S3 S S S3 S R3 S3
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