Question: 1 ( 1 0 % ) A company considers producing four new products. Managers need to determine the type and amount of products to be
A company considers producing four new products. Managers need to determine the type
and amount of products to be manufactured in order to maximize total profit. The following
table shows the setup costs and marginal profit of each product.
Let and represent the production rate of products and respectively. There
are three conditions that need to be satisfied.
No more than two of the products can be produced.
Either product or can be produced only if either product or is produced.
Either or is satisfied.
Introduce auxiliary binary variables to formulate a mixed BIP model for this problem.
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