Describe briefly (through examples) how binary variables significantly enhance the modelling capability in integer linear programming (as compared with standard linear programming)
Expert Answer
Often we may have to take decisions such as (a) to produce a particular product in-house, (b) to build a new bridge, (c) to construct a new manufacturing facility and others. In each of these situations, there will be a go-no-go or yes-no decision. Such decisions are usually modeled using binary variables, which take on either 0 or 1 as values. Binary variables are useful in taking strategic decisions which are long-term in nature and
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