Goal programming and linear programming differ in that
A) in LP, the objective function is maximized or minimized, while in goal programming, the deviation between goals and possible achievement is minimized.
B) slack variables are used in LP, while deviational variables are used in goal programming.
C) deviational variables have positive objective function coefficients in goal programming, but slack variables have 0 coefficients in LP.
D) All of the above
E) None of the above
D
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Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $45 million of assets. The company primarily incurs fixed costs to groom the greens and fairways
Fixed costs are projected to be $20,000,000 for the golfing season. About 400,000 golfers are expected each year. Variable costs are about $15 per golfer. Mountaintop golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. Using a cost-plus approach, what price should Mountaintop charge for a round of golf? A) $51.50 B) $71.00 C) $78.50 D) $ 0.21