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A Model For Optimizing The Allocation Of Ethanol Production In The U.S., Anali Huggins
A Model For Optimizing The Allocation Of Ethanol Production In The U.S., Anali Huggins
Department of Industrial and Management Systems Engineering: Dissertations, Theses, and Student Research
In the last five years, fuel prices have fluctuated from 2.86$/gallon to 3.87$/gallon which represents an increase of 35%. This situation has collocated the ethanol manufacturing in an advantageous situation. However, a major problem that is faced by the ethanol producers is the high cost of transportation. The objective of this thesis study is to determine the optimal allocation of ethanol production in the U.S. in 2009 that minimizes the transportation cost. This thesis is based on the application of a linear programing model. The thesis is focused on two questions. The first is the optimal allocation of ethanol between …