Formulate goal programming model

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A licence to shoot a moose costs $115 for residents and $920 for non-residents. The government must decide how many licences to issue in both categories. There is a demand for up to 30,000 resident licences, and up to 12,000 non-resident licences; these are system constraints. The government has several goal priorities which in descending order of importance are (i) earn at least $12,006,000in revenue (ii) issue at least 80% of licences to residents, and (iii) limit the total number of licences to 40,000.

Formulate this goal programming model.

Give the algebraic model for the first sub-problem and solve this using LINGO or the Excel Solver.

Reference no: EM132863262

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