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Author Question: A binary mixed-integer programming problem in which the binary variables represent whether an ... (Read 259 times)

OSWALD

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on: Jun 24, 2018
A binary mixed-integer programming problem in which the binary variables represent whether an activity, such as a production run, is undertaken or not is known as the
 a. capital budgeting problem.
  b. share of choice problem.
  c. fixed-cost problem.
  d. covering problem.

Question 2

Numerical characteristics of the population are called


lgoldst9

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: A binary mixed-integer programming problem in which the binary variables represent whether an activity, such as a production run, is undertaken or not is known as the fixed-cost problem.

Answer to Question 2

parameters.
RATIONALE: A parameter is a numerical characteristic of the population.


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