PETROLEUM REFINERY OPERATIONS SCHEDULING. CHAPTER V. A GASOLINE BLENDING PROBLEM
RAND CORP SANTA MONICA CA
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The selection of an optimal gasoline blending schedule is presented. Assuming fixed availabilities of raw blending materials and of fixed realizations upon finished products, the Union Oil Companys gasoline blending operations were formulated in terms of a constrainedmaximum problem. The outstanding result of the numerical analysis was that it would be worth several millions of dollars per annum if the company were able tto shift sales so as to sell additional quantities of premium grade gasoline.
- Economics and Cost Analysis