An offshore oil well is located in the ocean at a point 𝑾, which is 5 𝑚𝑖𝑙𝑒𝑠 from the closest shore-point 𝑨 on a straight shoreline. The oil is to be piped to a shore-point 𝑩 that is 8 𝑚𝑖𝑙𝑒𝑠 from 𝑨 by piping it on a straight line underwater from 𝑾 to some shore-point 𝑷 between 𝑨 and 𝑩 and then on to 𝑩 via a pipe along the shoreline. If the cost of laying pipe is $100,000.00 per mile under water and $75,000.00 per mile over land, where should point 𝑷 be located to minimize the cost of laying the pipe?
Expert's answer
Cost of pipe = Cost under water + Cost on land
=100000x+75000y
Using Pythagoras theorem, we get:
(5)2+(8−y)2=x2
We need to change this equation in terms of one variable:
=100000((5)2+(8−y)2)+75000y
We need to find the cost price and then minimize it.
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