In this article, we examine the use of a new binary integer programming (BIP) model to detect arbitrage opportunities in currency exchanges. This model showcases an excellent application of mathematics to the real world. The concepts involved are easily accessible to undergraduate students with basic knowledge in Operations Research. Through this…

A method is described for simultaneous test construction using the Operations Research technique zero-one programming. The model for zero-one programming consists of two parts. The first contains the objective function that describes the aspect to be optimized. The second part contains the constraints under which the objective function should be…