Question
A company manufactures three products: x1, x2 and x3. Material and labor requirements per unit are: The manager has listed the following objectives in order
A company manufactures three products: x1, x2 and x3. Material and labor requirements per unit are:
The manager has listed the following objectives in order of priority (e.g. preemptive goals )
Goal 1: Minimize overtime in the assembly department. Goal 2: Minimize both idle time and overtime in the packaging department.
1. Formulate algebraically the corresponding goal programming problem.
2. Formulate this same goal programing problem on a spreadsheet
3. Describe clearly and completely the optimal solution to this problem using a managerial statement.
Product Material (lb./unit) Assembly (min./unit) Packing (min./unit) X1 2 9 1 2482 X2 X3 3 7 3 Availability 600 pounds 1800 minutes 250 minutes
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
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