Exercise 1.16 A manager of an oil refinery has 8 million barrels of crude oil A and 5 million barrels of crude oil B allocated for production during the coming month. These resources can be used to make either gasoline, which sells for $38 per barrel, or home heating oil, which sells for $33 per barrel. There are three production processes with the following characteristics: Input crude A Input crude B Output gasoline Output heating oil Cost Process 1 3 5 4 3 $51 Process 2 1 1 1 1 $11 Process 3 5 3 3 4 $40 All quantities are in barrels. For example, with the first process, 3 barrels of crude A and 5 barrels of crude B are used to produce 4 barrels of gasoline and
Exercise 1.16 A manager of an oil refinery has 8 million barrels of crude oil A and 5 million barrels of crude oil B allocated for production during the coming month. These resources can be used to make either gasoline, which sells for $38 per barrel, or home heating oil, which sells for $33 per barrel. There are three production processes with the following characteristics: Input crude A Input crude B Output gasoline Output heating oil Cost Process 1 3 5 4 3 $51 Process 2 1 1 1 1 $11 Process 3 5 3 3 4 $40 All quantities are in barrels. For example, with the first process, 3 barrels of crude A and 5 barrels of crude B are used to produce 4 barrels of gasoline and
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter12: Queueing Models
Section: Chapter Questions
Problem 59P
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Please correct woth explanation and dont do handwritten please!!. Please if doing by excel write down the steps and also post output snips i will definitely like.
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