An apparel designing company is planning to enter the women's trousers market. They are in the process of developing a product that will appeal most to customers. The levels - small, medium, and large of the size attribute are modeled using
A)objective function coefficients.
B)slack variables.
C)binary variables.
D)nonlinear coefficients.

Question

Quizplus · Accepted Answer

Binary variables are used in mathematical modeling to represent choices or attributes that can only take on one of two values, such as "yes" or "no", "exists" or "does not exist". In the context of product development for women's trousers, binary variables can effectively model the size attribute (small, medium, large) by assigning a binary variable to each size category. This allows the company to easily incorporate the size attribute into their optimization models, facilitating decisions on product mix, inventory levels, and marketing strategies tailored to customer preferences.

An Apparel Designing Company Is Planning to Enter the Women's