A company makes 2 products A and B from 2 resources. The products have the following resource requirements and produce the accompanying profits. The available quantity of resources is also shown in the table.
Management has developed the following set of goals

Goal 1: Produce approximately 40 units of product 1.
Goal 2: Produce approximately 70 units of product 2.
Goal 3: Achieve a profit over $400.
Goal 4: Consume less than 150 hours of labor
Goal 5: Consume less than 200 ounces of material
Formulate AND solve a goal programming model of this problem.

Transcribed Image Text:

Product labor (hr/unit) material (ounce/unit) Profit(S/unit) 1 2 avail resources 3 2 150 1 2200