Discuss the stages of model formulation

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Discuss the stages of model formulation with respect to the aggregate model. In particular, interpret the objective function and constraints given by expressions (1) to (15). How many decision variables and constraints are there? How many of those decision variables are required to assume only integer values? Discuss the interpretation of the shadow prices associated with every constraint type. What important elements of the problem have been left out of this model formulation? Why?

Reference no: EM131162774

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