Essay
The Elastic Firm has two products coming on the market, Zigs and Zags.To make a Zig, the firm needs 10 units of product A and 15 units of product B.To make a Zag, they need 20 units of product A and 15 units of product B.There are only 2,000 units of product A and 3,000 units of product B available to the firm.The profit on a Zig is $4 and on a Zag it is $6.Management objectives in order of their priority are:
(1)Produce at least 40 Zags.
(2)Achieve a target profit of at least $750.
(3)Use all of the product A available.
(4)Use all of the product B available.
(5)Avoid the requirement for more product A.
Formulate this as a goal programming problem.
Correct Answer:
Verified
Let X1 = number of Zigs, X2 = number of ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q48: Bastille College is going to purchase new
Q49: The following objective function is nonlinear: Max
Q50: A goal programming problem had two goals
Q51: Nonlinear programming is the case in which
Q52: Goal programming permits multiple objectives to be
Q54: The constraint X<sub>1</sub> + X<sub>2</sub> ≤ 1
Q55: Agile Bikes has manufacturing plants in Salt
Q56: State the advantage of goal programming over
Q57: A transportation problem is an example of<br>A)a
Q58: If we wish to develop a stock