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Krishnadeep Gupta
FT MBA CORE
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Problem Set 8.1 A, Question 2
As per the data in the problem,
• Teenagers(T)
• Young/middle age(Y)
• Seniors(S)
• Band Concert
• Art Show
The first objective is to minimize the cost within the budget of $15000
Minimize s1+
Minimize s2-
Minimize s3-
Minimize s4-
As per the data given on page 329, problem 2(of Problem Set 8.2 A),
From the above we find that within the budget constraints imposed (cost or spending to be
restricted to $15,000), not all goals are met.
Two types of material that the textile company can produce are;
• A
• B
A + B >= 80000
A + B < = 90000
A >= 70000
B >= 45000
A = 57462 meters
B = 32358 meters
Shortfall in A’s target production is 12538 meters and that in B’s target if 12462 meters