The Elastic Firm Has Two Products Coming on the Market

question 53

Essay

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.

---

Definitions:

Deglutition

The act of swallowing, a complex process that moves food or liquid from the mouth through the pharynx and into the esophagus.

Pharyngeal

Related to the pharynx, the muscular tube that connects the mouth and nasal passages with the esophagus and larynx, serving as a pathway for air and food.

Esophageal

Pertaining to the esophagus, the tube that connects the throat to the stomach, through which food and liquids pass.

Voluntary

Refers to actions or movements performed by an individual that are done with conscious control.