In a BIP Problem,1 Corresponds to a Yes Decision and 0

question 1

Multiple Choice

In a BIP problem,1 corresponds to a yes decision and 0 to a no decision If project A can be undertaken only if project B is also undertaken then the following constraint needs to be added to the formulation:

• A)A + B ≤ 1
• B)A + B = 1
• C)A ≤ B
• D)B ≤ A
• E)None of the above

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Definitions:

Probability

A numeric value between 0 and 1 that represents the chances of an event taking place.

Aggressive Strategy

An investment or business strategy aimed at achieving high returns by taking on a higher level of risk.

Conservative Strategy

An investment or management approach that prioritizes safety and risk avoidance, often by choosing stable and less volatile assets.

Expected Monetary Values

A financial concept that represents the average outcome when the future includes scenarios that may or may not happen.