William Barnes Inc A Small Petroleum Company Owns Two Refinerles Refinery 1 Costs 27 000 Per Day To Operate And It 1 (55.67 KiB) Viewed 61 times
William Barnes Inc A Small Petroleum Company Owns Two Refinerles Refinery 1 Costs 27 000 Per Day To Operate And It 2 (40.29 KiB) Viewed 61 times
William Barnes Inc., a small petroleum company owns two refinerles. Refinery 1 costs $27,000 per day to operate, and it can produce 420 barrels of high- grade oil, 320 barrels of medium-grade all, and 220 barrels of low-grade oil each day. Refinery 2 is newer and more modern. It costs $34,000 per day to operate, and it can produce 480 barrels of high-grade oil, 150 barrels of medium-grade oil, and 300 barrels of low-grade oil each day. The company has orders totaling 43,000 barrels of high-grade oil, 33,000 barrels of medium-grade oil, and 31,000 barrels of low-grade oil. How many days should it run each refinery to minimize its costs and still refine enough oil to meet its orders? a. This is a Select ] problem. b. How many days should it run each refinery to minimize its costs and still refine enough oil to meet its orders? [Select] c. What is the optimal cost? [Select]
The company has orders totaling 43,000 barrels of hd-wradell, 33.000 bars of medium-grade ollaud 31,000 barrels of low-grade oil How many days should It run each refinery to minimize its costs and still refine ech oll to meet Its orders? a. This is a Select) problem. b. How many days should it run each refinery to minimize its costs and still refine enough oil to meet its orders? [Select] c. What is the optimal cost? Select) d. Are there any unused resources? Select] If so/not, what constraint and how much/or not? [Select] e. What impact would there be if the demand for low grade oil was increased by 1,000 barrels? [Select ]
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!