Optimization Problem (1 Viewer)

[Chintak]

hello,
friends.
here i submit my Optimization problem data.
please try and send me as fast as possible the answer of this in matlab coding.
please use MATLAB programme.

Problem 3​

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An oil company produces three brands of oils: Regular, Multigrade and Supreme. Each brand of oil is composed of one or more of four crude stocks, each having a different viscosity index. The relevant data is:
Crude Stock Viscosity index Cost ($/barrel) Supply per day (barrels)
1 20 7.1 1000
2 40 8.5 1100
3 30 7.7 1200
4 55 9.00 1100
Each brand of oil must satisfy a minimum standard for viscosity index and each brand thus sells at a different price. The relevant data concerning the three brands are:
Brand Minimum Viscosity Index Selling Price ($/barrel)
Regular 25 8.50
Multigrade 35 9.00
Supreme 50 10.00

One of three scenarios can occur:
Low demand (prob. =0.2) Med. demand (prob. =0.5) High demandprob.=0.3)
Regular 1800 2000 2100
Multigrade 1300 1500 1600
Supreme 650 750 800

The company cannot sell more than its demand. Also any unused crude oil is disposed off at no cost. The decision of buying crude stock is taken well in advance and thus the company does not know what scenario holds at the time of buying crude stock. However at the time of production of oil the company knows the exact demand.
How much of crude stock must the company buy in order to maximize its expected profit?​

 

[shannonm]

I swear I've seen this problem before somewhere during operations research

 

[shannonm]

regarding optimization problem but where u find it.

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Thank u for reply me.
but please tell me where u find it.
just reply me with this link.

http://ocw.mit.edu/OcwWeb/Sloan-Sch...ManufacturingSummer2003/Assignments/index.htm assignment 5

 

[jb_nc]

why would anyone help this person do their work

 

[Nurse Clancy]

The answer is 43.

 

[Roguedeth]

The deadliest answer you can give is "Because I like people." What else would you like-animals?

Here, and throughout the interview, a good answer comes from having done your homework so that you can speak in terms of the company's needs. You might say that your research has shown that the company is doing things you would like to be involved with, and that it's doing them in ways that greatly interest you. For example, if the organization is known for strong management, your answer should mention that fact and show that you would like to be a part of that team. If the company places a great deal of emphasis on research and development, emphasize the fact that you want to create new things and that you know this is a place in which such activity is encouraged. If the organization stresses financial controls, your answer should mention a reverence for numbers.

If you feel that you have to concoct an answer to this question - if, for example, the company stresses research, and you feel that you should mention it even though it really doesn't interest you- then you probably should not be taking that interview, because you probably shouldn't be considering a job with that organization.

Your homework should include learning enough about the company to avoid approaching places where you wouldn't be able -or wouldn't want- to function. Since most of us are poor liars, it's difficult to con anyone in an interview. But even if you should succeed at it, your prize is a job you don't really want.