Question
In: Advanced Math
An oil company produces gasoline from five inputs. The cost, density, viscosity, and sulfur content, and...
An oil company produces gasoline from five inputs. The cost, density, viscosity, and sulfur content, and the number of barrels available of each input are listed in the file PO4_78.xlsx. Gasoline sells for $75 per barrel. Gasoline can have a density of at most .95 units per barrel, a viscosity of at most 35 units per barrel, and a sulfur content of at most 3.3 units per barrel. How can the company maximize its profit.
Solutions
Colby Messinger answered 2 years agoRelated Solutions
Compare the differences in viscosity and density of water (SG = 1) and gasoline (SG =...
Compare the differences in viscosity and density of water (SG =
1) and gasoline (SG = 0.803). Determine the pressure at the bottom
of a 8m high tank that is filled with water, and compare it to the
pressure at the bottom if the tank is filled with gasoline.
Calculate the volumetric and mass flow rates of the two fluids in a
0.10m diameter pipe moving at a velocity of 4.2 m/s.
Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30...
Southern Oil Company 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, Southern has
18,000 gallons of grade A crude oil available. The refinery used to
produce the gasolines has a production...
Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30...
Southern Oil Company 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, Southern has
18,000 gallons of grade A crude oil available. The refinery used to
produce the gasolines has a production...
Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced...
Seastrand Oil Company produces two grades of gasoline: regular
and high octane. Both gasolines are produced by blending two types
of crude oil. Although both types of crude oil contain the two
important ingredients required to produce both gasolines, the
percentage of important ingredients in each type of crude oil
differs, as does the cost per gallon. The percentage of ingredients
A and B in each type of crude oil and the cost per gallon are
shown.
Crude Oil Cost ...
Problem 7-41 Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions...
Problem 7-41
Southern Oil Company 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, Southern has
18,000 gallons of grade A crude oil available. The refinery used to
produce the gasolines has...
Brown Oil Company transports gasoline to its distributors by truck. The company recently contracted to supply gasoline...
Brown Oil Company transports gasoline to its distributors by
truck. The company recently contracted to supply
gasoline distributors in southern Ohio,
and it has
$1,600,000 available to spend on the necessary expansion of its
fleet of gasoline tank trucks (e.g. capital
expenditures). Three models of gasoline tank
trucks are available:
Truck
Model
Monthly Truck
Capacity (Gallons)
Purchase Cost
Monthly Operating
Cost, including Depreciation
Sub
100
75000
$200,000
$1,550
Oiler
J
62500
$160,000
$1,425
Texan
30000
$100,000
$1,350
The company
estimates that the...
How should we expect the cost of oil to affect the cost of producing gasoline, diesel...
How should we expect the cost of oil to affect the cost of
producing gasoline, diesel and other oil-based products in the US
and other parts of the world? Why?
A fluid with constant viscosity and density flows in radial direction from R1 radius surface to...
A fluid with constant viscosity and density flows in radial
direction from R1 radius surface to R2 radius
surface in the annular region, which consists of porous horizontal
cylinders with coaxial R2 (outer) and R1
(inner) radii. (V = V (r)).
Make your simplifications using the continuity equation and
motion equations by specifying your required assumptions.
Since the fluid is incompressible and is in laminar flow, obtain
the steady pressure profile P(r) in terms of velocity in the outer
radius...
Ko-Ka-Ku Limited produces three main products from a joint manufacturing process. Fuel oil, gasoline, Kerosene and...
Ko-Ka-Ku Limited produces three main products from a joint
manufacturing process. Fuel oil, gasoline, Kerosene and Crude-I are
the products emerging from the joint manufacturing process. Crude-I
is aby-product and is sold at split-off, while the joint products
fuel oil, gasoline and kerosene need to be processed further.
Additional inventory and sales volume information (all in
litres) is as follows:
Products
Opening inventory
Sales units
Closing inventory
Fuel oil
1 000
10 000
2 000
Gasoline
2 000
12 000...
Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of...
Oil and Gas Prices The average gasoline price
per gallon (in cities) and the cost of a barrel of oil are shown
below for a random selection of weeks in
2015
.
Oil (
$
)
Gasoline (
$
)
55.78
2.654
41.96
2.269
52.08
2.445
57.28
2.710
58.15
2.805
67.59
3.071
The correlation coefficient for the data is
=r0.978
and
=α0.01
. Should regression analysis be done?
The regression
analysis should not be done.
The regression
analysis should be...
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