Please see the attachment, thank you! Cheers! 6.12. The Texago Corporation has four oil fields, four refineries, and four distribution centers in the locations identified in the next tables. A major strike involving the transportation industries now has sharply curtailed Texago'sPage 234capacity to ship oil from the four oil fields to the four refineries and to ship petroleum products from the refineries to the distribution centers. Using units of thousands of barrels of crude oil (and its equivalent in refined products),the following tables show the maximum number of units that can be shipped per day from each oil field to each refinery and from each refinery to each distribution center.ETTMRefineryOil FieldNew OrleansCharlestonSeattleSt. LouisТехas11728California487Alaska73126Middle East8415Distribution CenterRefineryPittsburghAtlantaKansas CitySan FranciscoNew Orleans9.6.4.Charleston879Seattle4678St. Louis12119The Texago management now wants to determine a plan for how many units to ship from each oil field to each refinery and from each refinery to each distribution center that will maximize the total number of units reaching the distributioncenters.Тextadd arcs to show the possible flow.c. Use the distribution network from part b to formulate a network model for Texago's problem as a variant of a maximum flow problem.

Formulating an excel table for the flow of oil field to refinery and refinery to distribution…

ity to ship oil from the four oil fields to the four refineries and to ship petroleum products from the refineries to the distribution centers. Using units of thousands of barrels of crude oil (and its equivalent in refined products). llowing tables show the maximum number of units that can be shipped per day from each oil field to each refinery and from each refinery to each distribution center. Refinery il Field New Orleans Charleston Seattle St. Louis xas 11 8 alifornia 8. aska 12 iddle East 9 15 Distribution Center efinery Pittsburgh Atlanta Kansas City San Francisco ew Orleans 9 6. 4 narleston 8. 7 eattle 6 8 Louis 12 11 Texago management now wants to determine a plan for how many units to ship from each oil field to each refinery and from each refinery to each distribution center that will maximize the total number of units reaching the distribution s.

ity to ship oil from the four oil fields to the four refineries and to ship petroleum products from the refineries to the distribution centers. Using units of thousands of barrels of crude oil (and its equivalent in refined products). llowing tables show the maximum number of units that can be shipped per day from each oil field to each refinery and from each refinery to each distribution center. Refinery il Field New Orleans Charleston Seattle St. Louis xas 11 8 alifornia 8. aska 12 iddle East 9 15 Distribution Center efinery Pittsburgh Atlanta Kansas City San Francisco ew Orleans 9 6. 4 narleston 8. 7 eattle 6 8 Louis 12 11 Texago management now wants to determine a plan for how many units to ship from each oil field to each refinery and from each refinery to each distribution center that will maximize the total number of units reaching the distribution s.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.10P: Wonopoly and natural resource prices Suppose that a firm is the sole owner of a stock of a natural...

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Wonopoly and natural resource prices Suppose that a firm is the sole owner of a stock of a natural resource. a. How should the analysis of the maximization of the discounted profits from selling this resource (Equation 17.63 be modified to take this fact into account? b. Suppose that the demand for the resource in question had a constant elasticity form q(t)=a[p(t)]b . How would this change the price dynamics shown in Equation 17.67? c. How would the answer to Problem 17.7 be changed if the entire crude oil supply were owned by a single firm?