"Mathematical Programming" Is Connected With The Fact That The Goal of Solving
"Mathematical Programming" Is Connected With The Fact That The Goal of Solving
PURE-INTEGER PROBLEMS
-require that all decision variables have integer solutions.
MIXED-INTEGER PROBLEMS
-require some, but not all of the decision variables to have integer values in
the final solution, whereas others need not have integer values.
The importance of integer programming stems from the fact that it can be used to the
model a vast array of problems arising from the practical ones (scheduling, allocation
of resources, etc.) to questions in set theory or number theory.
TRANSPORTATION MODEL
deals with a special class of linear programming problem in which the objective
is to transport a homogeneous commodity from various origins or factories to
different destinations or markets at a total minimum cost.
1.2. Least Cost Method (AKA Minimum Cost method or Greedy Method)
is a systematized procedure used to find an initial feasible solution to a
transportation problem.
it is easy to use and provides good (but not original solution).
Companies can make budgeting decisions using the assignment model since it can
help determine the amount of capital or money needed for each area of the company.
Allocating the money or resources can be done by analyzing the past performance of
an employee, project, or department to determine the most efficient approach.
REFERENCES:
https://www.investopedia.com/terms/z/zero-one-integer-programming.asp
https://www.springerprofessional.de/integer-programming-models/2262422
https://www.slideshare.net/mobile/hakeemrehman/integer-programming-68158750
https://youtu.be/DwQZBvEA7Xo
https://www.investopedia.com/terms/7/assignment-method.asp
https://www.slideshare.net/mobile/Dragonfrend/assignment-model-57676442
GROUP 3:
Leader:
Lung-ayan, Rochelle B.
Members:
Amigo, Aaron Patrick S.
Bernos, Amie Rose D.
Bulan, Angelo B.
Cadang, Krizza Mae P.
Mejos, Jerome Jacinto T.
Rivera, Shella Mae D.
Wao, Jenny Mae T.