Most Practical Applications of Integer Linear Programming Involve

question 50

Multiple Choice

Most practical applications of integer linear programming involve

• A)only 0-1 integer variables and not ordinary integer variables.
• B)mostly ordinary integer variables and a small number of 0-1 integer variables.
• C)only ordinary integer variables.
• D)a near equal number of ordinary integer variables and 0-1 integer variables.

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Definitions:

Exchange Rate

The amount one currency is worth in the units of another currency.

Relative Purchasing Power Parity

A theory that states the rate of appreciation or depreciation of one currency relative to another will equal the rate of inflation differentials between the two countries.

Expected Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is expected to fall.

Absolute Purchasing Power Parity

A theory that suggests that the price of goods in different countries should be equal when measured in a common currency.