A company that supplies gasoline to a city has recorded the weekly usage (tons/week) for the past 3 years. The file BA3653GasolineRecord.xlsx contains this record. (c) In general, the company delivers the demanded gasoline to customers that store it in their own facilities. However, the company would like to obtain its own storage tanks to better handle variability. The company has identified several solutions: a 500 ton, a 1000 ton, a 2000 ton and a 3000 ton system, with each tank being proportionately more expensive as its size grows. Given your predictions and the expected variability, what size of tank would you choose? (d) Reaching the city is sometimes hazardous due to weather conditions. Even with these challenges, the company estimates that the most that shipments to the city may be delayed is 1 week. Given this information, which tank choice (of those in part c) do you think would be appropriate? week demand (tons)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section4.8: Data Envelopment Analysis (dea)
Problem 43P
icon
Related questions
Question

A company that supplies gasoline to a city has recorded the weekly
usage (tons/week) for the past 3 years. The file BA3653GasolineRecord.xlsx
contains this record.

(c) In general, the company delivers the demanded gasoline to customers
that store it in their own facilities. However, the company would like to
obtain its own storage tanks to better handle variability. The company
has identified several solutions: a 500 ton, a 1000 ton, a 2000 ton and a
3000 ton system, with each tank being proportionately more expensive
as its size grows. Given your predictions and the expected variability,
what size of tank would you choose?
(d) Reaching the city is sometimes hazardous due to weather conditions.
Even with these challenges, the company estimates that the most that
shipments to the city may be delayed is 1 week. Given this information,
which tank choice (of those in part c) do you think would be appropriate?

week demand (tons)
1 1174.5
2 1316.2
3 1197
4 1127.3
5 1193.1
6 1260.7
7 1378.2
8 1273.7
9 1366.4
10 1113
11 1177.7
12 1056
13 1291.2
14 1269.1
15 1289.6
16 1181
17 1249
18 1212
19 1286.2
20 1204.8
21 1266.2
22 1332.4
23 1236.3
24 1266.1
25 1415.3
26 1100.1
27 1208.1
28 1505.1
29 1282.7
30 1190.5
31 1152.8
32 1089.7
33 1404.7
34 1308.6
35 1255.4
36 1106.7
37 1484.6
38 1317.4
39 1294.7
40 1154
41 1449.9
42 1174.9
43 1466.9
44 1282.4
45 1228
46 1174
47 1196.2
48 1443.8
49 1309.1
50 1250.8
51 1222.8
52 1409.9
53 1147.3
54 1342.7
55 1220.3
56 1211
57 1293.3
58 1256.6
59 1303.2
60 1204.9
61 1129.1
62 1481.5
63 1230.2
64 1264.1
65 953.7
66 1248.9
67 1172.2
68 1253.5
69 1393.7
70 1245.2
71 995.8
72 1211
73 1319.4
74 1282.2
75 1257.5
76 1309.5
77 1153.7
78 1148.4
79 1346.8
80 1298.2
81 1294.8
82 1387.5
83 1119.3
84 1195.8
85 1364.7
86 1107.9
87 1259
88 1155.9
89 1288.9
90 1098.7
91 1293.5
92 1289.6
93 1442.4
94 1233.1
95 1133.7
96 1151.5
97 1120.5
98 1401.3
99 1273
100 1176.1
101 1204.5
102 1238.3
103 1282.4
104 1205
105 1316.5
106 1184.5
107 1309.2
108 1362.8
109 1174.7
110 1258.5
111 1290.1
112 1188.1
113 1097.9
114 1284
115 1256.5
116 1291
117 1131.5
118 1139.7
119 1323.8
120 1285.9
121 1214.1
122 1164.5
123 1405.4
124 1352.7
125 1305.1
126 1162.2
127 1217.1
128 1348.4
129 1410.8
130 1326
131 1349.5
132 1370.5
133 1293.5
134 1266.4
135 1271.7
136 1099.9
137 1295.7
138 1254.5
139 1219.7
140 1222.5
141 1296.8
142 1271.3
143 1349.5
144 1303.9
145 1254.2
146 980.5
147 1348.8
148 1407.2
149 1298
150 1205.4
151 1401.9
152 903.2
153 1139.3
154 1182.4
155 1349.7
156 1411.7
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Optimization models
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,