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

Quizplus · Accepted Answer

The fixed-cost problem in binary mixed-integer programming involves binary variables that indicate whether an activity, such as a production run, is undertaken. These problems typically involve a fixed cost associated with initiating an activity and variable costs that depend on the level of activity. The binary variables are used to model the decision of whether to incur the fixed cost by undertaking the activity.

A Binary Mixed-Integer Programming Problem in Which the Binary Variables