Please answer the following questions in your journal:
The difference between Linear Programming (LP) models (of previous chapters) and Integer Programming (IP) models (of this chapter) is that the changing cells are constrained to binary values (0 or 1) or integer positive values (0, 1, 2, 3 …. ). This simple difference requires changing the mathematical solution method from the “Simplex technique” to other methods such as the “Branch and Bound” Algorithm. Read the textbook sections through 6.2 to understand the effects of changing the solution method on using Excel’s Solver tool.
Read the remaining sections of Chapter 6 which detail the following IP models:
Section 6.3 has the associated video Capital Budget Funding Model, Section 6.4 the associated video Fixed Cost Manufacturing Model, and Section 6.5 the associated video Location Hubs Model. You may find this videos helpful in understanding the material.
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