In Problem 55, assume that before being shipped to Los Angeles or New York, all oil produced at the wells must be refined at either Galveston or Mobile. To refine 1000 barrels of oil costs $5780 at...


In Problem 55, assume that before being shipped to Los Angeles or New York, all oil produced at the wells must be refined at either Galveston or Mobile. To refine 1000 barrels of oil costs $5780 at Mobile and $6250 at Galveston. Assuming that both Mobile and Galveston have infinite refinery capacity, determine how to minimize the daily cost of transporting and refining the oil requirements of Los Angeles and New York.



May 25, 2022
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