Homework 1

Homework 1 - Demand Demand Demand Demand for for for for...

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Demand for Diesel D 14000 barrels/day Demand for Gasoline G 30000 barrels/day Demand for Lubricants L 10000 barrels/day Demand for Jet Fuel J 8000 barrels/day Production of Each Product Per Barrel of Oil Product Iran Dubai Diesel 0.2 0.1 Gasoline 0.25 0.6 Lubricants 0.1 0.15 Jet Fuel 0.15 0.1 Diesel Production D = 12450 Gasoline Production G = 30050 Lubricants Production L = 9275 Jet Fuel Production J = 10100 Total Difference From Demand Number of Iranian Barrels to Import I 47000 Number of Dubai Barrels to Import U 30500 Total Number of Barrels to Import T 77500 Fraction Iranian Barrels I/T 0.61 Import Ratio Constraint I/(I+U) >= 0.4
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Difference From Demand 1550 50 725 2100 4425
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Demand for Diesel D 14000 barrels/day Demand for Gasoline G 30000 barrels/day Demand for Lubricants L 10000 barrels/day Demand for Jet Fuel J 8000 barrels/day Production of Each Product Per Barrel of Oil Product Iran Dubai Diesel 0.2 0.1 Gasoline 0.25 0.6 Lubricants 0.1 0.15 Jet Fuel 0.15 0.1 Diesel Production D =
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Homework 1 - Demand Demand Demand Demand for for for for...

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