"-Repco-production-process-model" - 1 õppematerjal

Repco production process model

A B C D E F G H I J K L 1 Chandler blending model 2 3 Monetary inputs Gasoline Heating oil 4 Selling price/barrel $25,00 $20,00 As we have formulated fuel blending model, a barrel of any 5 6 input results in a barrel of output. However, in a real blending Quality level per barrel of crudes 7 Crude oil 1 10 problem, there can be losses. Suppose a barrel of input 8 Crude oil 2 5 results in only a fraction of a barrel of output. Specifically, 9 10 Required quality level per barrel of product ...