Abstract
One particularly important area of a firm’s financial decision making is the management of the firm’s capital. The problem addressed in this paper is the allocation of funds to the production or purchase of the items the firm requires, where such funds can be obtained either through internal means or borrowed from external sources over a multiple period time horizon. The model developed herein considers the objective of profit maximization typically associated with such allocation decisions as well as the minimization of the total funds acquired through borrowing and the maximization of the firm’s net capital position in each of the periods in the planning horizon.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Arthur, J. L. and Lawrence, K. D., “A Multiple Goal Blending Problem”, Computers and Operations Research, Vol. 7, No. 3, (1930), 215–224.
Arthur, J. L. and Lawrence, K. D., “Aggregate Production and Logistics Planning-A Multiple Goal Linear Programming; Model”, Computers and Operations Research (in review).
Arthur, J. L. and Ravindran, A., “An Efficient Goal Programming Algorithm Using Constraint Partitioning and Variable Elimination”, Management Science, Vol. 24, No. 8 (1978) 867–868.
Arthur, J. L. and Ravindran, A., “PAGP: A Partitioning Algorithm for (Linear) Goal Programming Problems”, ACM Transactions on Mathematical Software, Vol. 6, No, 3 (September 1980).
Cochrane, J. L. and Zeleny, M., Multiple Criteria Decision Making, University of South Carolina Press, Columbia, South. Carolina (1973).
Ignizio, J. P., Goal Programming and Extensions, D. C. Heath and Company, Lexington, Massachusetts (1976).
Lawrence, K. D. and Burbridge, J. J., “A Multiple Goal Linear Programming Model for Coordinated Production and Logistics Planning”, Proceedings of the Third International Conference on Production Research, Amherst, Massachusetts (1974).
Lee, S. M., Goal Programming for Decision Analysis, Auerbach, Philadelphia (1972).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1981 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Arthur, J.L., Lawrence, K.D. (1981). Produce or Purchase-A Multiple Goal Linear Programming Model. In: Morse, J.N. (eds) Organizations: Multiple Agents with Multiple Criteria. Lecture Notes in Economics and Mathematical Systems, vol 190. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45527-8_1
Download citation
DOI: https://doi.org/10.1007/978-3-642-45527-8_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-10821-4
Online ISBN: 978-3-642-45527-8
eBook Packages: Springer Book Archive