A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital.
Max 20x1 + 30x2 + 10x3 + 15x4
s.t. 5x1 + 7x2 + 12x3 + 11x4 ? 21 {Constraint 1}
X1 + x2 + x3 + x4 ? 2 {Constraint 2}
X1 + x2 ? 1 {Constraint 3}
X1 + x3 ? 1 {Constraint 4}
X2 = x4 {Constraint 5}
Which of the constraints enforces a mutually exclusive relationship?
A) Constraint 1
B) Constraint 2
C) Constraint 3
D) Constraint 4
E) Constraint 5
Correct Answer:
Verified
Q20: BIP can be used to determine the
Q21: A firm has prepared the following
Q22: In a BIP problem, 1 corresponds to
Q23: In a BIP problem, 1 corresponds to
Q24: Binary variables can have the following values:
A)
Q26: If a firm wishes to choose at
Q27: Which of the following techniques or tools
Q28: Note: This problem requires the use
Q29: In a BIP problem, 1 corresponds to
Q30: When binary variables are used in a
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