Goal programming, Operation Research

Assignment Help:

Goal Programming

This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals could be sound ecological management, networking in the neighborhood and maximizing market share. These goals may dominate the earlier objective.

The idea is that a decision maker may not always be searching for an optimal solution but a "satisfying" solution that attempts to satisfy the many concerns of the management. Prof. Herbert A. Simon felt that a manager may not be able to optimize but may have to "satisfy".

Simplex method requires one goal. The goals are weighted and a single objective function is constructed which is then optimized to solve a goal programming problem.


Related Discussions:- Goal programming

Steps of research process, Steps of Research Process The steps of resear...

Steps of Research Process The steps of research process have already been discussed in theory. Here we shall outline the procedure of conducting the research. i) Formulate t

Big M mehod, source code in c available?

source code in c available?

C++ programs, C++ code for assignment problem

C++ code for assignment problem

Linear programming., Q3. Solve the following Linear Programming Problem usi...

Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X

Solve the following linear programming graphically, Problem based on graphi...

Problem based on graphical solution of a given LPP when feasible region is bounded. 1.    Solve the following linear programming graphically; Maximize and minimize z = 60x+

ASSIGNMENT PROBLEM, . Explain in brief the phases of Operations Research. 5...

. Explain in brief the phases of Operations Research. 5 +5 = 10 marks (200 - 250 words each) Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3

Markov analysis, The town of Silverton, Colorado, has three gasoline statio...

The town of Silverton, Colorado, has three gasoline stations, Shell, Exxon, and Arco. Customer selection of service stations can be modeled as a Markov process, with the following

De, describe the similarities and differences of transportation and linear ...

describe the similarities and differences of transportation and linear programing methods

Business Simulation Model, How much does cost for developing a simple model...

How much does cost for developing a simple model using Simuli 8 software and 2 pages write up (Explaining model). This is for my university assignment. For example last year assig

Linear programmimg, #questionA paper mill produces two grades of paper viz....

#questionA paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grad

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd