IGNOU MS 51 2018 - What is the importance of integer programming models in supporting man

Question

What is the importance of integer programming models in supporting managerial decisions? Describe the rationale behind Cutting Plane Method used for solving integer programming models.

28 Mar 2018

Answer :

Word Count : 660

Importance of integer programming models in supporting managerial decisions are -

Production planning

Mixed integer programming has many applications in industrial production, including job-shop modelling. One important example happens In agricultural production planning involves determining production yield for several crops that can share resources (e.g. Land, labor, capital, seeds, fertilizer, etc.). A possible objective is to maximize the total production, without exceeding the available resources. In some cases, this can be expressed in terms of a linear program, but variables must be constrained to be integer.

Scheduling

These problems involve service and vehicle scheduling in transportation networks. For example, a problem may involve assigning buses or subways to individual routes so that a timetable can be met, and also to equip them with drivers. Here binary decision variables indicate whether a bus or subway is assigned to a route and whether a driver is assigned to a particular train or subway.

Telecommunications networks

The goal of these problems

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