A Company Has Three Goals, Listed in Order of Importance

question 15

Multiple Choice

A company has three goals, listed in order of importance.
1) Achieve a total profit of at least $240 million.
2) Maintain the current employment level of 3,000 employees
3) Invest no more than $70 million in capital.
What is the objective function for a goal program for this situation?

• A) Min P₁d₁^- , P₂d₂^- , P₃d₃⁺
• B) Min P₁d₁^- , P₂d₂⁺ , P₂d₂^- , P₃d₃^-
• C) Min P₁d₁^- , P₂d₂^- , P₂d₂^- , P₃d₃⁺
• D) Min P₁d₁⁺ , P₂d₂^- , P₂d₂^- , P₃d₃⁺

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Definitions:

Marginal Revenue

The supplementary income generated by a company from the sale of one more unit of a good or service.

Burritos

A traditional Mexican dish consisting of a wheat flour tortilla wrapped or folded around a filling.

Marginal Revenue

The additional income that a firm generates from selling one more unit of a good or service.

Graphing Calculators

Portable, handheld calculators capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.