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

Mean deviation - measure of dispersion, MEAN DEVIATION Mean  deviati...

MEAN DEVIATION Mean  deviation of a series is the arithmetic  average of the  deviations of various  items  from the  median  or mean  of that series. Median is preferred

Operations function - information system, The Operations Function has alway...

The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the convers

Methods of calculation of standard deviation , Methods  of calculation of ...

Methods  of calculation of standard deviation a. Calculation of Standard  Deviation  - Individual Series: There  are two methods of calculating standard  deviation in an ind

Types of correlation - correlation & regression analysis, Types of Correlat...

Types of Correlation 1. Positive Correlation : When the values  of two variables move  in the  same direction .e.  when an increase in  the values  of one  variables  is ass

Banking operations, sir plz suggest me any book for this...or notes.....

sir plz suggest me any book for this...or notes.....

Game theory , 3 In a rectangular game, pay-off matrix of player A is as f...

3 In a rectangular game, pay-off matrix of player A is as follows:

Maybank manager, what skill use by maybacnk CEO

what skill use by maybacnk CEO

Answer, A paper mill produces two grades of paper viz., X and Y. Because of...

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 paper i

What are the functions of a store manager, Question 1 Explain Pre-Store op...

Question 1 Explain Pre-Store opening activities and State at least 10 pre-store opening activities that should be ideally carried out in a retail store? Question 2 What ar

Books - report writing presentation , Books a. One author : Authors...

Books a. One author : Authors  last name  first name title  of books place of publication: publisher copyright data page numbers used. b. Two Author : First  author  la

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