Data Equipment Inc.produces two models of a retail price scanner, a sophisticated model that can be networked to a central processing unit and a stand-alone model for small retailers.The major limitations of the manufacturing of these two products are labor and material capacities.The following table summarizes the usages and capacities associated with each product.
The typical LP formulation for this problem is:
Maximize $160 X1 + $95 X2
Subject to: 8 X1 + 5 X2 ≤ 800
20 X1 + 7 X2 ≤ 1500
X1, X2 ≥ 0
However, the management of DEI has prioritized several goals that are to be attained by manufacturing:
Since the labor situation at the plant is uneasy (i.e., there are rumors that a local union is considering an organizing campaign), management wants to assure full employment of all its employees.
Management has established a profit goal of $12,000 per day.
Due to the high prices of components from nonroutine suppliers, management wants to minimize the purchase of additional materials.
Given the above additional information, set this up as a goal programming problem.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q58: What is the optimal solution to the
Q59: The concept of a local optimum is
Q60: A quadratic programming problem involves which of
Q61: Johnny's apple shop sells homemade apple pies
Q62: Smalltime Investments Inc.is going to purchase new
Q64: Allied Manufacturing has three factories located in
Q65: How many constraints are required to develop
Q66: A package express carrier is considering expanding
Q67: Johnny's apple shop sells homemade apple pies
Q68: Smalltime Investments Inc.is going to purchase new
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents