User Account

All Pages

goal programming, Operation Research

Assignment Help:
A farmer in the Midwest has 1,000 acres of land on which she intends to plant corn, wheat, and

soybeans. Each acre of corn costs $100 for preparation, requires 7 worker-days of labor, and yields a

profit of $30. An acre of wheat costs $120 to prepare, requires IO worker-days of labor, and yields $40

profit. An acre of soybeans costs $70 to prepare, requires 8 worker-days, and yields $20 profit. The

farmer has taken out a loan of $80,000 for crop preparation and has contracted with a union for 6,000

worker-days of labor. A midwestern granary has agreed to purchase 200 acres of corn, 500 acres of

wheat, and 300 acres of soybeans. The farmer has estab­lished the following goals, in order of their

importance:

(I) To maintain good relations with the union, the labor contract must be honored; that is, the full

6,000 worker-days of labor contracted for must be used.

(2) Preparation costs should not exceed the loan amount so that additional loans will not have to be

secured.

(3) The farmer desires a profit of at least $105,000 to remain in good financial condition.

(4) Contracting for excess labor should be avoided.

(5) The farmer would like to use as much of the available acreage as possible.

(6) The farmer would like to meet the sales agreement with the granary. However, the goal should

be weighted according to the profit returned by each crop.

a. Formulate a goal programming model to determine the number of acres of each crop the farmer

should plant to satisfy the goals in the best possible way.

b. Solve this model by using the computer.

Related Discussions:- goal programming

Game theory, if there were n workers and n jobs there would be

if there were n workers and n jobs there would be

Simo chart flow diagram , SIMO Chart Flow Diagram The  flow  diagram  ...

SIMO Chart Flow Diagram The  flow  diagram  is a drawing  indicating  the paths  of men  materials  or components on a scale  plan of  the work  area, department or  factory.

Theoretical framework, Ask questiAvatars are virtual characters that can be...

Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as

PERT, how does it work

how does it work

Linear programming, 3. A paper mill produces two grades of paper viz., X an...

3. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Regression line - correlation regression analysis, Regression Line The...

Regression Line The line  of regression  is the  line  which give the best  estimate  to the  values  of one  variable  for any  specific  values  of other  variable. For t

Advantages of operations research, Operation Research may be regarded as a...

Operation Research may be regarded as a tool which is utilized to increase the effectiveness of the management decisions. O R is objective supplement to the subjective feeling

Significance of oparation research, discuss the significance of oparation r...

discuss the significance of oparation research

#title, WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY?

WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY?

On the basis of ratio of change direction, On the  Basis  of Ratio of Ch...

On the  Basis  of Ratio of Change  Direction   a. Linear Correlation: The  correlation  between  two variables a said  to be liner if  corresponding  to a unit change in th

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd