Explore BrainMass
Share

Explore BrainMass

    Optimization

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A truck driving on the Interstate averages a fuel efficiency of 4 miles per gallon when traveling at 50mph. The truck looses a tenth of a mile per gallon in fuel efficiency for each mile per hour increase in speed. Fuel costs $1.19 per gallon. The trucker is paid $27.50 per hour and fixed costs to run the truck are $11.33 per hour. A trip of 300 miles is planned. What speed will minimize the company's total operating expense?

    © BrainMass Inc. brainmass.com October 9, 2019, 3:42 pm ad1c9bdddf
    https://brainmass.com/math/optimization/optimization-minimizing-total-expenses-10768

    Solution Summary

    This solution shows how to determine the trucking speed that will minimize operating expense.

    $2.19