In 1956, M. King Hubbert proposed a model to analyze crude oil production.† His model, with updated data, gives world crude oil production as P =  254.43e−0.042t (1 + 2.12e−0.042t)2. Here P is measured in billions of barrels per year, and t is time, in years, since 2000. (a) Make a graph of world crude oil production for 2000 through 2040.               (b) In what year does this model predict a peak in world crude oil production? (Round your answer to the nearest whole number.)   (c) What is the maximum crude oil production predicted by this model? (Round your answer to the nearest whole number.)  billion barrels per year

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Optimization

Optimization comes from the same root as "optimal". "Optimal" means the highest. When you do the optimization process, that is when you are "making it best" to maximize everything and to achieve optimal results, a set of parameters is the base for the selection of the best element for a given system.

Integration

Integration means to sum the things. In mathematics, it is the branch of Calculus which is used to find the area under the curve. The operation subtraction is the inverse of addition, division is the inverse of multiplication. In the same way, integration and differentiation are inverse operators. Differential equations give a relation between a function and its derivative.

Application of Integration

In mathematics, the process of integration is used to compute complex area related problems. With the application of integration, solving area related problems, whether they are a curve, or a curve between lines, can be done easily.

Volume

In mathematics, we describe the term volume as a quantity that can express the total space that an object occupies at any point in time. Usually, volumes can only be calculated for 3-dimensional objects. By 3-dimensional or 3D objects, we mean objects that have length, breadth, and height (or depth).

Area

Area refers to the amount of space a figure encloses and the number of square units that cover a shape. It is two-dimensional and is measured in square units.