The paper "Goal Programming - Computer Numerical Control Machines " is an outstanding example of a business essay. For business organizations to be successful managerial decisions require to be made by the decision-makers who are concerned in making decisions that are capable of simulating real-life situations involving the organizational multiple objectives such as cost minimization that are naturally conflicting. One of the techniques used for such kinds of multi-objective optimization decisions to formulate the best available solution is Goal programming. Goal programming is a linear programming extension that can be defined as a multi-objective optimization branch, with multi-objective optimization been a part of multi-criteria decision analysis (MCDA) also called multi-criteria decision making (MCDM). The main purpose of this optimization program is to handle normally conflicting multi-objective measures, every measure is provided with a goal to be fulfilled.
An achievement function is then used to minimize the unwanted deviations from the set goals. Dependent on the used variant of goal programming, this can either be a weighted sum or vector. Goal programming conducts an analysis of three types: (1) Establish the resources required in order to fulfil the wanted set of goals and objectives.
(2) Determine the attainment degree of the set goals with the current resources available. (3) Providing the most fulfilling answer below the varying resources amount and goal priorities (Caballero, Rafael, Trinidad and Francisco, 79). Production planning is no easy task and requires all the entire functional units’ cooperation in all organizations. For an efficient system of production planning, it is crucial to understand the organizations environment which includes customers, manufacturing processes and products. Good production planning in organizations is the key requirement for the success of a manufacturing system to address the limitations of flexibility and efficiency while considering the resource limitations such as time and labour (Olhager, Jan, and Joakim, 210).
Caballero, Rafael, Trinidad Gómez, and Francisco Ruiz. "Goal programming: realistic targets for the near future." Journal of Multi‐Criteria Decision Analysis 16.3‐4 (2009): 79-110.
Gandibleux, Xavier, ed. Multiple criteria optimization: state of the art annotated bibliographic surveys. Vol. 52. Springer Science & Business Media, 2006.
Olhager, Jan, and Joakim Wikner. "Production planning and control tools." Production Planning & Control 11.3 (2000): 210-222.
Schniederjans, Marc. Goal Programming: Methodology and Applications: Methodology and Applications. Springer Science & Business Media, 2012.
Tamiz, Mehrdad, Dylan Jones, and Carlos Romero. "Goal programming for decision making: An overview of the current state-of-the-art." European Journal of operational research 111.3 (1998): 569-581.