The blending problem presented in the introduction is a good example for demonstrating some of the features of the LP procedure. Recall that a step in refining crude oil into finished oil products ...

Example 3.5: Price Parametric Programming for the Oil Blending Problem This example continues to examine the effects of a change in the cost of crude and the selling price of jet fuel. Suppose that ...

He can buy pork containing 70% meat and 30% fat at $0.65 per pound. Bill wants to determine the minimum cost way to blend the beef and pork to make hamburgers that have no more than 25% fat.