Mat 540 Week 9 Discussion
Explain how the applications of integer programming differ from those of linear programming. Integer programming is concerned with optimization problems in which some of the variables are required to take on discrete values. Rather than allow a variable to assume all real values in a given range, only predetermined discrete values within the range are permitted. In most cases, these values are the integers, giving rise to the name of this class of models. Models with integer variables are very useful. Situations that cannot be modeled by linear programming are easily handled by integer programming. Primary among these involve binary decisions such as yes-no, build-no build or invest-not invest. Although one can model a binary decision in linear programming with a variable that ranges between 0 and 1, there is nothing that keeps the solution from obtaining a fractional value such as 0.5, hardly acceptable to a decision maker. Integer programming requires such a variable to be either 0 or 1, but not in-between. Unfortunately integer programming models of practical size are often very difficult or impossible to solve. Linear programming methods can solve problems orders of magnitude larger than integer programming methods. A typical mathematical program consists of a single objective function, representing either a profit to be maximized or a cost to be minimized, and a set of constraints that circumscribe the decision variables. In the case of a linear program (LP) the objective function and constraints are all linear functions of the decision variables. At first glance these restrictions would seem to limit the scope of the LP model, but this is hardly the case. Because of its simplicity, software has been developed that is capable of solving problems containing millions of variables and tens of thousands of constraints.
Why is “rounding-down” an LP solution a suboptimal way to solve integer programming problems? Rounding-down an LP solution is a suboptimal
Why is “rounding-down” an LP solution a suboptimal way to solve integer programming problems? Rounding-down an LP solution is a suboptimal