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A Goal Programming Problem Had Two Goals (With No Priorities

question 85

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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?


Definitions:

Marginal Cost

The price of making an additional unit of a product.

Slope

A measure of the steepness or incline of a line or surface, typically described as the ratio between the change in the y-value and the change in the x-value.

Variable

An element, feature, or factor that is likely to vary or change; it can be quantitative or qualitative in experiments and mathematical models.

Mathematical Convention

Established, standardized practices or rules that are followed within mathematical reasoning and calculations.

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