Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider a company produces three different types of products (represented by a, b, and c as the production amounts in tons). The company would like

image text in transcribed

Consider a company produces three different types of products (represented by a, b, and c as the production amounts in tons). The company would like to maximize its total output in tons and minimize its total cost in dollars that are expressed as follows: o Maximize a + b+ c o Minimize 200a + 300b + 400c Suppose we have a target tonnage of 10 tons and a target cost of 0 dollars. If you were to write a goal programming model for the company: a) Write the goal constraint for each of the above goals (Hint: To start, consider the targets as equality goal constraints. Use indexes "1" and "2" for the above goal constraints, respectively). b) What deviation variable would you use to minimize for the tonnage maximization goal? For the cost minimization goal? c) Write the objective function of the goal programming model for this problem using a weighted-sum approach, assuming that the tonnage goal is three times as important. Consider a company produces three different types of products (represented by a, b, and c as the production amounts in tons). The company would like to maximize its total output in tons and minimize its total cost in dollars that are expressed as follows: o Maximize a + b+ c o Minimize 200a + 300b + 400c Suppose we have a target tonnage of 10 tons and a target cost of 0 dollars. If you were to write a goal programming model for the company: a) Write the goal constraint for each of the above goals (Hint: To start, consider the targets as equality goal constraints. Use indexes "1" and "2" for the above goal constraints, respectively). b) What deviation variable would you use to minimize for the tonnage maximization goal? For the cost minimization goal? c) Write the objective function of the goal programming model for this problem using a weighted-sum approach, assuming that the tonnage goal is three times as important

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Oracle Database Upgrade Migration And Transformation Tips And Techniques

Authors: Edward Whalen ,Jim Czuprynski

1st Edition

0071846050, 978-0071846059

More Books

Students also viewed these Databases questions