Discuss the selection of the decision variables

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Decision Variables and Constraints

Discuss the selection of the decision variables. Are there alternative formulations of the model based upon other decision variables? Should the variables be constrained to be integers? What are the implications of these additional constraints? Is there any useful information that can be obtained from the shadow prices of the constraints? Can you provide an estimate of the number of variables and the number of constraints involved in a typical fleet -composition problem?

Reference no: EM131162801

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