Formulate the problem as a GOAL PROGRAMMING PROBLEM making sure to label all variables and specify their type.
Palmer management consultants wishes to select next month's projects from among 6 clients who have applied for their services. Palmer is considering projects from the clients listed below that will require the number of analysts, bring in the expected revenues and have the characteristics given in the table below:
Projects Analysts Revenue Application month Customer status
Anderson Automotive 2 $25000 June Existing
Anokam Airlines 6 $50000 May New
Inman Industries 4 $36000 July Existing
Lowe Lending 10 $60000 June Existing
Palomo Plastics 3 $32000 July New
Voelker Vitamins 1 $20000 June Existing
Palmer must select a schedule for next week that will require using at most 16 analysts. Palmer also wishes to adopt a schedule that will achieve the following goals:
Priority level 1 goals
Goal 1: Bring in $100000 or more in revenue.
Priority level 2 goals
Goal 2: Prefer to schedule all projects that have been waiting for a month or longer.
Priority level 3 goals
Goal 3: Prefer to adopt a schedule that assigns no more analysts to new customers than to existing customers