Question: Question 1. Consider a two-stage program, where the 1st stage contains binary variables and the second stage is given by min-2y1-3y2, s. t. y

Question 1. Consider a two-stage program, where the 1st stage contains binary variables and the second stage is given by min-2y1-3y2, s. t. y +2y2 1-x1, y2-x2, y0, integer. Assume = (2,2) or (4,3)" with equal probability 1/2 each. If the current iterate point is x = (0,1)" find a lower bound L on Q(x) and derive a cut of type 0>(qS-L) ies xi - ies xi -(qS-L)([S -1)+L

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