School Work


Goal Programming
of 58
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
  Chapter 14 - Multicriteria Decision Making 1 Chapter 14 Multicriteria Decision Making Introduction to Management Science 8th Edition by Bernard W. Taylor III  Chapter 14 - Multicriteria Decision Making 2 Goal Programming Graphical Interpretation of Goal Programming Computer Solution of Goal Programming Problems with QM for Windows and Excel The Analytical Hierarchy Process Chapter Topics  Chapter 14 - Multicriteria Decision Making 3 Study of problems with several criteria, multiple criteria, instead of a   single objective when making a decision. Two techniques discussed: goal programming  , and the  analytical hierarchy process . Goal programming is a variation of linear programming considering more than one objective  (goals) in the objective function. The analytical hierarchy process develops a score for each decision alternative based on comparisons of each under different criteria reflecting the decision makers preferences. Overview  Chapter 14 - Multicriteria Decision Making 4 Beaver Creek Pottery Company Example: Maximize Z = $40x 1  + 50x 2  subject to: 1x 1  + 2x 2     40 hours of labor 4x 2  + 3x 2     120 pounds of clay x 1 , x 2     0 Where: x 1  = number of bowls produced x 2  = number of mugs produced Goal Programming Model Formulation (1 of 2)
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks