Smalltime Investments Inc

question 7

Essay

Smalltime Investments Inc.is going to purchase new computers.There are ten employees, and the company would like one for each employee.The cost of the basic personal computer with monitor and disk drive is $2,000, while the deluxe version with VGA and advanced processor is $3,500.Due to internal politics, the number of deluxe computers should be less than half the number of regular computers, but at least three deluxe computers must be purchased.The budget is $27,000, although additional money could be used if it were deemed necessary.All of these are goals that the company has identified.Formulate this as a goal programming problem.

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Definitions:

Delegable Duty

A responsibility or duty that can be transferred or assigned from one party to another, often seen in contexts of employment or contractual agreements.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, although the benefit was not the reason the contract was formed.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly where the contract's intent is to gift something to the beneficiary.

Creditor Beneficiary

A third party that benefits from a contract in which one party promises to pay a debt owed to the third party by the other contract party.