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

Quantitative Technique for business, Davidson construction company is build...

Davidson construction company is building a luxury lakefront home in batangas coordination of the architech an sub contractors will require a major effort to meet the 44-week (appr

Model, Importance of models

Importance of models

Research process, What kind of research situation do the two new brand...

What kind of research situation do the two new brands present for Mr. Lynn company?

Describe the demand curve, The following equation gives Jane's linear deman...

The following equation gives Jane's linear demand curve for visits to a nearby national park.  Q is the number of visits per week and P represents the price of a pass (price per vi

Process design, what is process design? what are the factors that affects t...

what is process design? what are the factors that affects the process design?

Characteristics of good average, Characteristics  of Good Average a. ...

Characteristics  of Good Average a. It should  be Rigidly  Defined  An average should  be rigidly defined so that  there is  no confusion  in regard  to its  meaning  and con

Environmental demands, Problem 1 Explain the key elements, which contri...

Problem 1 Explain the key elements, which contribute to a sound and effective strategy. >>Explanation of following elements Market Consumers Competition Skil

Simple random sampling - sampling decisions, Simple Random Sampling  ...

Simple Random Sampling  This  is  simplest  and most  popular  technique  of sampling. In it each  unit  of the  population has equal  chance  of being  included in the samp

Write Your Message!

Captcha
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!

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