solved: Assume that Melesha Electronics must determine how many LCD TVs and…
Assume that Melesha Electronics must determine how many LCD TVs and…Assume that Melesha Electronics must determine how many LCD TVs and Sound System Players to stock. It costs Melesha Birr 13,000.00 to purchase a LCD TV and Birr 12,000.00 to purchase a Sound System Player. A LCD TV requires 3 square yards of storage space, and a Sound System player requires 2 square yard. The sale of a LCD TV earns Melesha a profit of Birr 1,500.00, and each Sound System Player sale earns a profit of Birr 1,000. Melesha has set the following goals (listed in order of importance):Goal 1: A maximum of Birr 2,000,000.00 can be spent on purchasing LCD TV s and Sound System players.Goal 2: Highland should earn at least Birr 185,000.00 profit from the sale of LCD TV s and Sound System Players.Goal 3: LCD TVs and Sound System Players should not use up more than 200 square yards of storage space. Use a goal programming model to determine how many LCD TVs and Sound System Players Melesha should order. How can you modify the model if Melesha ‘s second goal is to have a profit of exactly Birr 185,000.00? Engineering & TechnologyIndustrial EngineeringSupply Chain Management MANAGEMENT 101