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Dinoco produces three types of oil products: domestic oil, petrol for car and aviation fuel. Each product must meet the minimum average octane regulation. The average octane levels must be at least 5 for domestic oil, 10 for petrol and 8 for aviation fuel. To produce these products, Dinoco purchases two types of crude oil; Arabian Night (at $120 per barrel) and Brent (at $90 per barrel). Each day, at most 8,000 barrels of each type of crude oil can be purchased. Crude Oils must be distilled to be used for the production of Dinoco's three products. Each day, at most 12,000 barrels of crude oil can be distilled. It costs $20 to distil a barrel of oil (whether it is Brent or Arabian Night). The results of distillation are as follows: • Each barrel of Arabian Night yields 0.6 barrels of naphtha, 0.3 barrel of distilled 1, and 0.1 barrel of distilled 2. Each barrel of Brent yields 0.4 barrels of naphtha, 0.4 barrel of distilled 1, and 0.2 barrel of distilled 2. Dinoco's three products are produced by mixing naphtha, distilled 1, and distilled 2. Due to the regulation, however, distilled naphtha cannot be used for aviation oil. The octane level for types of distilled are 12, 10, and 4 for naphtha, distilled 1 and distilled 2, respectively. All domestic oil produced can be sold at $200 per barrel; all petrol produced sold at $300 per barrel, and all aviation fuel sold at $280 per barrel. For company's product mix consideration, at least 2,500 barrels of each product must be produced daily. (a) Formulate an LP to maximise Dinoco's daily profit. You must list any assumption(s) you have made in your formulation. And, use Management Scientist to find the optimal solution.
A risk of disciplining employees is that some employees retaliate. To avoid that risk, what organizational policies might encourage low-performing employees to leave while encouraging high-performing employees to stay?
Illustrate what is the break-even point in dollars for all food sales. Illustrate what is the realistic sales estimates.
How many prospective customers would have to be queried for Luxor to be 90 percent certain that its estimated proportion was within five percent of the true value?
Describe how would waiting time change if the Corporation decides to limit all rentals to exactly 72 hours. Suppose which if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day
time between arrivals at state revenue office is exponential with mean value .05 hour. Office opens at 8:00am. Write exponential distribution which describes interval time.
Illustrate what is the lowest expected annual interest rate which will ensure which this individual reaches his financial goal after 40 years of saving.
are what are the various methods for recruiting employees? why are some better than others? In what sense are they better?
For this Discussion Forum, please document all of the steps needed to create a specific strategic group map for the beer industry. Then create a strategic group map, based upon the following industry definition:
Who appears to be winning or losing in this arena. Illustrate what reasons can you uncover, for the results you find out.
What are some of the barriers to advancement opportunities for women and minorities in many organizations?
Why is it important for human resources to see the organization and its employees as internal customers, and those internal customers as co-producers of the services delivered by human resources?
Mr. Gregg has made an inflammatory speech denouncing the action of the government in the recent war. The government can restrict his speech through regulation:
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