Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

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 92 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 are shown in the following table. Likewise, the maximum demand for each end product and the revenue generated per barrel are shown. Input Cost/Barrel Octane Available (barrels) 1 $16.5 95 140000 2 $15 86 325000 3 $15.5 105 300000 Revenue/Barrel Max Demand (barrels) Regular $18.5 320000 Super $20 450000 Develop and solve a linear programming model to maximize contribution to profit. Let Ri = the number of barrels of input i to use to produce Regular, i=1,2,3 Si = the number of barrels of input i to use to produce Super, i=1,2,3 If required, round your answers to two decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) Max R1 + R2 + R3 + S1 + S2 + S3 s.t. R1 + S1 ? R2 + + S2 ? R3 + S3 ? R1 + R2 + R3 ? S1 + S2 + S3 ? R1 + R2 + R3 ? R1 + R2 + R3 S1 + S2 + S3 ? S1 + S2 + S3 R1, R2, R3, S1, S2, S3 ? 0 What is the optimal contribution to profit? Maximum Profit = $ by making barrels of Regular and barrels of Super.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93116204

Have any Question?


Related Questions in Operation Management

Projectas part of the business intelligence development

Project: As part of the Business Intelligence Development Plan template, including section headings (project outline), you should submit a Business Performance Methodologies section of 6-8 pages that includes the followi ...

Rights of shareholders fcr realty llc and clifford b green

Rights of Shareholders. FCR Realty, LLC, and Clifford B. Green & Sons, Inc., were co-owned by three brothers—Frederick, Clifford Jr., and Richard Green. Each brother was a shareholder of the corporation. Frederick was a ...

Part 1 in what sense are all healthcare executivesrsquo

Part 1) In what sense are all healthcare executives’ human resource managers? How can executive’s best prepare well in this HR function? Part 2) Describe and apply the issues of human resources management and systems dev ...

1 what are weak points in a sample labor contract2 what are

1. What are weak points in a sample labor contract? 2. What are managements reponsibilities abide by current labor laws? 3. What are labor responsibilities to abide by current labor laws? 4. What is systematic approach t ...

Assignment required assignment -the sno risk programin the

Assignment : Required Assignment -The S'No Risk Program In the mid-eighties, the Toro company launched a promotion in which snow blower purchasers could refund a portion of their purchase if the next winter brought modes ...

1 assume the football team is set up as a c corporation and

1. Assume the football team is set up as a C corporation and that Lenny, Sarah, and Sam are the shareholders. The team is sued for negligence because an individual who turned to see the quarterback running naked crashed ...

1 design an effective and creative marketing communication

1. Design an effective and creative marketing communication (print advertisement) of your own, for Pepsi any one of its products for the chosen target market. 2. A well-written report would contain the following elements ...

Global and transnational managementlooking at companies

Global and Transnational Management Looking at companies that do business in multiple countries, a classification of company strategies can be conceptualized that divides companies into four types (international, global, ...

1 what should the us do about the foreign corrupt practices

1. What should the U.S. do about the Foreign Corrupt Practices Act? 2. How is the Anti-Bribery Convention of the Organization for Economic Cooperation and Development different from the United Nations Convention Against ...

Case study- leadership cultural and performance change at

CASE STUDY- LEADERSHIP, CULTURAL AND PERFORMANCE CHANGE AT MEATPACK BY WILLIAM S. HARVEY, UNIVERSITY OF EXETER, UK. Discussion questions 1. Should Bison be taking a more hands-off or a more hands-on approach to the busin ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As