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Explanation of Solution
Formulation of pre-emptive goal
Take the following variables to solve the problem,
The pre-emptive goal programming can be formulated as given below,
Minimize,
Subject to,
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Chapter 4 Solutions
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- The Touche Young accounting firm must complete three jobs during the next month. Job 1 will require 500 hours of work, job 2 will require 300 hours of work, and job 3 will require 100 hours of work. Currently, the firm consists of 5 partners, 5 senior employees, and 5 junior employees, each of whom can work up to 40 hours per month. The dollar amount (per hour) that the company can bill depends on the type of accountant who is assigned to each job, as shown in the table below. (The X indicates that a junior employee does not have enough experience to work on job 1.) All jobs must be completed. Touche Young has also set the following goals, listed in order of priority: Goal 1: Monthly billings should exceed $68,000. Goal 2: At most, 1 partner should be hired. Goal 3: At most, 3 senior employees should be hired. Goal 4: At most, 5 junior employees should be hired. Formulate a preemptive goal programming model for thissituationarrow_forwardABC Company produces three electrical products—blenders, choppers, and toasters. The manufacturer has a maximum daily production budget of RM2000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 blenders, 300 choppers, and 150 toasters. The unit profit for blender is RM8, choppers, RM10, and toaster, RM7. The company desires to know the optimal product mix that will maximize profit. These products have the following resource requirements as shown in Table 1. Based on the report, answer the following questions and justify all your answers. Formulate the LP model for the above case study. Optimize the Company ABC production using linear programming simplex method. Suppose that the company would like to increase the profit of the toasters to RM9 per unit without affecting the optimum number of products to be produced based on earlier conditions. Based on the Sensitivity Report, advise the company if this can be accomplished and justify your answer. If this…arrow_forwardABC Company produces three electrical products—blenders, choppers, and toasters. The manufacturer has a maximum daily production budget of RM2000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 blenders, 300 choppers, and 150 toasters. The unit profit for blender is RM8, choppers, RM10, and toaster, RM7. The company desires to know the optimal product mix that will maximize profit. These products have the following resource requirements as shown in Table 1. Based on the report, answer the following questions and justify all your answers. Formulate the LP model for the above case study. Suppose that the company would like to increase the profit of the toasters to RM9 per unit without affecting the optimum number of products to be produced based on earlier conditions. Based on the Sensitivity Report, advise the company if this can be accomplished and justify your answer. If this can be done, what would be the company’s profit based on new pricing. The…arrow_forward
- Operations Research : Applications and AlgorithmsComputer ScienceISBN:9780534380588Author:Wayne L. WinstonPublisher:Brooks Cole