Question: MOLP as a maximum objective of one variable and a Minimum Objective of another. Page 352 of the text has the formulas for a Minimum

MOLP as a maximum objective of one variable and a Minimum Objective of another. Page 352 of the text has the formulas for a Minimum and for a Maximum MOLP problem. Below is a rule of thumb to avoid getting these backwards. Before the solver is run the Actual value will be zero. The Maximum% deviation will be a positive 1 or 100% {(Target -0) /target }and the Minimum deviation will be -1 or -100% { ( 0-target) /Target. } The MOLP problem is to determine the level of monthly production for 2 mines, KS and MO subject

Direction

To the amount of coal produced by each and the total amount of labor available. The Park mine wants to maximize profit while minimizing toxins caused by the mining process. Use the computer to complete the Excel spreadsheet below and then solve the problem with Solver.

Question: MOLP as a maximum objective of one variable and a Minimum Objective of another. Page 352 of the text has the formulas for a Minimum

Step by Step Solution

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