Read through the scenario and determine what kind of problem this is. Riverside Oil Company in eastern Kentucky produces regular and supreme gasoline. Each barrel of regular sells for $21 and must have an octane rating of at least 90. Each barrel of supreme sells for $25 and must have an octane rating of at least 97. Each of these types of gasoline are manufactured by mixing different quantities of the following three inputs: Input Cost per Barrel Octane Rating Barrels Available (in 1000s) 1 $17.25 100 150 2 $15.75 87 350 $17.75 110 300 Riverside has orders for 300,000 barrels of regular and 450,000 barrels of supreme. How should the company allocate the available inputs to the production of regular and supreme gasoline to maximize profits? O LP O Network modeling O Multiple Objective Linear Programming O Regression
Read through the scenario and determine what kind of problem this is. Riverside Oil Company in eastern Kentucky produces regular and supreme gasoline. Each barrel of regular sells for $21 and must have an octane rating of at least 90. Each barrel of supreme sells for $25 and must have an octane rating of at least 97. Each of these types of gasoline are manufactured by mixing different quantities of the following three inputs: Input Cost per Barrel Octane Rating Barrels Available (in 1000s) 1 $17.25 100 150 2 $15.75 87 350 $17.75 110 300 Riverside has orders for 300,000 barrels of regular and 450,000 barrels of supreme. How should the company allocate the available inputs to the production of regular and supreme gasoline to maximize profits? O LP O Network modeling O Multiple Objective Linear Programming O Regression
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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Transcribed Image Text:QUESTION 11
Read through the scenario and determine what kind of problem this is.
Riverside Oil Company in eastern Kentucky produces regular and supreme gasoline. Each barrel of regular sells for $21 and must have an octane rating of at least 90. Each
barrel of supreme sells for $25 and must have an octane rating of at least 97. Each of these types of gasoline are manufactured by mixing different quantities of the following
three inputs:
Input
Cost per Barrel
Octane Rating
Barrels Available (in 1000s)
1
$17.25
100
150
$15.75
87
350
3
$17.75
110
300
Riverside has orders for 300,000 barrels of regular and 450,000 barrels of supreme. How should the company allocate the available inputs to the production of regular and
supreme gasoline to maximize profits?
O LP
O Network modeling
O Multiple Objective Linear Programming
O Regression
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