Solve an emergency in 45 minutes !!

Quantitative decision making Course

Immediate answer!!

The Outdoor Furniture Company manufactures two products, benches and picnic tables. The firm has two main resources: its carpenters (labor force) and a supply of wood. During the next production month, 1200 hours of labor are available. The firm also has a stock of 4000 feet of wood. Each produced bench requires 4 labor hours and 10 feet of wood. Each table requires 6 labor hours and 25 feet of wood. Benches yield a profit of $8 each and tables bring $15 each. The management of Outdoor has the following goals they want to achieve: GI: Obtain a profit of at least $1500. & G2: Use the wood resource at its exact amount. G3: Due to the small market size for tables, do not produce more than 80 tables every month. Although it is not stated as a goal, the company cannot make its carpenters work more than the contracted time of 1200 hours. Moreover, Goal 1 is three times more important than Goal 2 and Goal 3 Formulate this problem as a Goal Programming (GP) model. (Define your decision variables clearly.)