Four shipping containers can altogether take a maximum of 20 tons for one shipment order. The following table provides details on the weight (in tons) and value of each container:
Develop a binary integer model that will determine the two containers and the quantity that should be considered for shipment using these two containers to maximize the value of the shipment.
Definitions:
Discount Retailers
Stores or outlets that sell products at lower prices than those typically charged by traditional retail outlets.
Exclusive Territories
Areas or regions where a distributor or sales agent is given the sole rights to sell a company's product, preventing competition within that territory.
Vertical Contracts
Agreements between companies at different levels in the supply chain, such as between a manufacturer and a retailer, aiming to increase efficiencies and reduce costs.
Costly Activities
Actions or endeavors that require significant expenditures of resources, such as money, time, or effort.
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