$1.$ What strategies can the pharmaceutical company employ to develop a sophisticated linear programming $($LP$)$ model utilizing the Vogel Method, which takes into account lead times, multiple goals, and the intricate dynamics within the supply chain? How can the company effectively analyze and interpret the outcomes of this model?

$2.$ How does the inclusion of limitations related to delivery time impact the structuring of the objective function within the LP model?

$3.$ Define the notion of multi$-$objective optimization and elucidate its significance in LP models for balancing both cost and lead time aspects effectively.

Factory$1$ Factory$2$ Factory$3$ Factory$4$ Lead time Supply

Drug$181012142600$

Drug$211913153750$

Drug$391211162700$

Demand $700800900$1000

 

 

Answer rating: 100% (QA)

1 Strategies for Developing a Sophisticated LP Model using the Vogel Method Identify key objectives and goals The pharmaceutical company should define ... View the full answer