Production of at least two gallons of gasoline

Assignment Help Operation Management
Reference no: EM131135174

At Exon-Mobile refinery in Texas City, the refining process requires the production of at least two gallons of gasoline for each gallon of fuel oil. To meet the anticipated demands of 2016 winter, at least three million gallons of fuel oil a day will need to be produced. The demand for gasoline, on the other hand, is not more than 6.4 million gallons a day. If gasoline is selling for $1.90 per gallon and fuel oil sells for $1.50/gal, how much of each should be produced in order to maximize revenue?

Reference no: EM131135174

Questions Cloud

Successfully apply effective project management : Based on what you have read this week on how to successfully apply effective project management (LO9), describe some ways a project manager can make a project more fun and team members more committed
What is the probability that all machines are working : An operator is in charge of FIVE machines. After each machine completes a job, the operator must reset it before a new job is started. In other words, the operator’s task is to set up each machine when a job is completed. Determine the average time a..
Consumer behavior-family and social class : Identify brands and behaviors you engage in as a consumer that are a direct result of your family influence. Explain how the socialization process influenced you and your choices. identify brands and behaviors you engage in as a consumer that are dif..
Project is temporary endeavor : Remember that a project is a temporary endeavor, it has a beginning and an end date. A project also has constraints, i.e a certain time line, cost or budget, and scope of work. The proposal for the proposed project (the dinner party) should have thes..
Production of at least two gallons of gasoline : At Exon-Mobile refinery in Texas City, the refining process requires the production of at least two gallons of gasoline for each gallon of fuel oil. The demand for gasoline, on the other hand, is not more than 6.4 million gallons a day. If gasoline i..
Find the optimal production schedule that minimizes the cost : Montvelo is a manufacturer of luxury custom-order mountain bikes. The production planning is to be done for the next four months, where the respective demands are d_1 = 10, d_2 = 24, d_3 = 16, and d_4 = 12 where d_i is the demand of bikes in the ith ..
Analysis of the international strategic management : Incorporating what you know about Global Strategy, write an analysis of the international strategic management issues addressed in Genesis chapters 39-49 detailing how Joseph‘s approach differs from, and is similar to, contemporary international stra..
Recommendations to establish sound financial controls : Every organization, irrespective of its size or ownership pattern, has to manage its finances. The overall objectives of an organization cannot be achieved in the absence of financial management. Explain how you would attempt to analyze the financial..

Reviews

Write a Review

 

Operation Management Questions & Answers

  The historical profitability of eight locations is listed

Consider the table below. This time, the historical profitability of eight locations is listed in the table. Devise a regression equation

  Classify the waiting system in which the platform trucks

Due to the space restrictions, loading equipment design also other reasons, the loading itself needs an average of 12 minutes.Classify the waiting system in which the platform trucks are servers.

  Read in the houston chronicle supplement

Bob Buyer read in the Houston Chronicle supplement of the Sunday newspaper that his favorite pair of jeans was on sale for $40 at The Gap at the First Colony Mall. Bob likes a good deal so he was one of the first customers in the store on Sunday. As ..

  What is the optimal stocking level

The cost of baking a cake is $5 and demand is estimated to be normally distributed with a mean of 30 and a standard deviation of 6. What is the optimal stocking level?

  Normally distributed with the natural variability of sigma

Suppose that the output of a bottle filling process is normally distributed with the natural variability of sigma = .10. The process center has been fixed at 10 ounces. The USL = 10.1 ounces and the LSL= 9.8 ounces. The liquid cost $0.35 per ounce an..

  Determine how to maximize hilands profit using solver

Hiland’s TV-Radio Store must determine how many TVs and radios (in whole numbers) to keep in stock. A TV requires 10 square feet of floor space, whereas a radio requires 4 square feet; 5000 square feet of floor space is available. A TV sale results i..

  Stronger ecological awareness by consumers threat

What conclusion do you draw by applying a SWOT analysis to The Home Depot and Ford Motor Company? For which company is stronger ecological awareness by consumers a threat, and for which one do you think it is an opportunities, and if so, how?

  Did the employees have any bargaining power in situation

In a 1-2 page paper, answer these questions: What do you think? Should Microsoft have stayed firm in its resolve to cut costs, even at the risk of upsetting the corporate culture? Did the employees have any bargaining power in this situation?

  Describe a sole proprietorship and partnership

Post your response to the following focus questions: Describe a sole proprietorship and discuss its advantages and disadvantages. Describe a partnership and discuss its advantages and disadvantages. Describe a corporation and discuss its advantages a..

  Customer returns are simply scrapped and replaced

D.B. Smith Company recycles computers. It buys them and salvaged parts and materials from the obsolete systems. It considers that it has done a “quality” job if it can salvage 60 percent of the “book value” of equipment that it buys. Customer returns..

  Making plans for summer vacation

Jane Chang is making plans for a summer vacation. She will take $1,000 with her in the form of traveler’s checks. From the newspaper, she finds that if she purchases the checks by May 31, she will not have to pay a service charge.

  Do violent video games contribute to youth violence

Research the correlation, "Do violent video games contribute to youth violence?" and take a stand. Write a cohesive report describing your stand and substantiate your stand with at least two facts. Also, summarize the arguments given in the articles ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd