20-05-2013, 04:36 PM
GOAL PROGRAMMING FOR AGGREGATE PLANNING
GOAL PROGRAMMING.pptx (Size: 333.95 KB / Downloads: 44)
INTRODUCTION
In real world decision making situations, it may not be feasibile to reduce all the goals of an organization to a single objective.
Also single goal can be aimed and priority is selected for multiple goals.
The solution represents an attempt to optimize the goals according to priorities.
Rather than only focussing on maximizing profit or minimizing cost ,the organization may simultaneously be interested in maintaining a stable workforce, increasing its share of market, etc.
Goal Programming
It deals with decision problems involving conflicting objectives.
The basic idea of the technique is to convert the multiobjective problem into one or more problems with one objective each.
The quality of the final solution is influenced by the decision maker’s ranking of the different objectives
Goal programming seeks an efficient solution that attempts to meet all the goals of the problem
ESTABLISHING GOALS AND ASSESSING RESOURCES
The operations manager usually finds it convenient to plan at different levels of abstraction.
At one extreme is the broad overall level; planning on this level considers total output capabilities of all existing production resources without regard to specific products that could be produced.
Second level of abstraction is how much of each individual product should be produced and in what sequence.
Aggregate output planning deals with the first, and broader of these two levels of abstraction.
GOALS FOR AGGREGATE OUTPUT
Aggregate plans are developed with particular goals in mind.
For a specific time frame or planning horizon, estimates of the aggregate demand for goods and services are made.
“The goal is to develop a plan that will satisfy or meet demand, within the limits of available resources, at the least cost to the organization”.
Such other goals as maintaining stable workforce levels, constant inventory may also be planned for.