MILP (Mixed Integer Linear Programming)

Mixed Integer Linear Programming (MILP) is a mathematical optimization technique used to solve problems involving both continuous and discrete decisions. It aims to find the best outcome, often in terms of cost or efficiency, subject to specific constraints. In MILP, some variables can take on any value (like hours of work), while others must be whole numbers (like the number of trucks needed). This method is widely used in industries like supply chain management, finance, and operations research to make informed decisions while balancing multiple factors and limitations.