MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
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Chapter 6, Problem 1QP
Summary Introduction

To explain: The difference in solving LPs and ILPs.

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Explanation of Solution

Linear programming:

In LP problems, the optimal solutions can be any of the intersecting points of constraints in the graph within the feasible region. The optimal solution cannot be present elsewhere in the feasible region except the extreme intersection points thus making it somewhat straightforward to find the optimal solution.

When it comes to ILP problems, the optimal solution can be present at the extreme points created by the intersecting constraint in the feasible while also can be present anywhere in the feasible region. Therefore, there can be many numbers of optimal solutions for the problem. Hence, ILPs are much harder to solve than LPs.

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MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)

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