A Goal Programming Problem Had Two Goals (With No Priorities

question 85

Multiple Choice

A goal programming problem had two goals (with no priorities assigned) .Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory.The optimal solution to this problem resulted in a profit of $2,300 and no idle time.What was the value for the objective function for this goal programming problem?

• A)2300
• B)100
• C)-100
• D)0
• E)None of the above

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Definitions:

Potential Competitors

Businesses not currently in the market but have the potential to enter and compete.

Market Entry

The strategy or means by which a company enters a new market to sell its products or services.

Economic Profit

The gap between an organization's overall income and all its expenditures, encompassing overt and hidden costs.

Maximum Earning

The highest income that an individual or entity can generate under specific conditions or within a given period.