A company needs to supply customers in 3 cities from its 3 warehouses. The supplies, demands and shipping costs are shown below.
The company has identified the following goals:
Formulate a goal programming model of this problem.
Definitions:
Mutually Exclusive
Situations or events that cannot occur at the same time, implying that the occurrence of one event excludes the occurrence of the other.
NPV
Net Present Value, a method to assess the profitability of an investment by comparing the present value of cash inflows to the present value of cash outflows.
NPV
Net Present Value is a financial measure that determines the discrepancy between the present value of money coming in and going out over a certain timeframe.
PI
Stands for Profitability Index, which measures the ratio of payoff to investment of a proposed project.
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