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Title: The Elastic Firm has two products coming on the market, Zigs and Zags. To make a Zig, the firm needs ... Post by: Cyco on Dec 18, 2017 The Elastic Firm has two products coming on the market, Zigs and Zags. To make a Zig, the firm needs 10 units of product A and 15 units of product B. To make a Zag, they need 20 units of product A and 15 units of product B. There are only 2,000 units of product A and 3,000 units of product B available to the firm. The profit on a Zig is $4 and on a Zag it is $6. Management objectives in order of their priority are:
(1) Produce at least 40 Zags. (2) Achieve a target profit of at least $750. (3) Use all of the product A available. (4) Use all of the product B available. (5) Avoid the requirement for more product A. Formulate this as a goal programming problem. Title: Re: The Elastic Firm has two products coming on the market, Zigs and Zags. To make a Zig, the firm ... Post by: TheBat on Dec 18, 2017 Content hidden
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