Question: Briefly explain these terms: a. Basic variable. b. Shadow price. c. Range of feasibility. d. Range of optimality.

Briefly explain these terms:
a. Basic variable.
b. Shadow price.
c. Range of feasibility.
d. Range of optimality.

Step by Step Solution

★★★★★

3.42 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Basic variable In a linear programming solution it is a variable not equal to zero b Shadow p... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

372-B-M-L-O-M (3534).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Q:

Let S = {{a}, b, {a, {b}}, c}. Which one of the following relations on S is a strict partial order? Select one: a. {(c, {a}), (b, {a}), ({a, {b}}, {a})} b. {({a}, {a}), (b, b), (c, c)} c. {({a}, b),...

Q:

Explain what reduced cost and shadow price signify in Solver Sensitivity Reports.

Q:

Briefly explain the two basic approaches used to minimize register-memory operations on RISC machines.

Q:

The reduced cost for a decision variable that appears in a Sensitivity Report refers to the __________ of the nonnegativity constraint for that variable. a. shadow price b. range of feasibility c....

Q:

please look at each picture, some were cut off due to the picture window so i posted them seperate but they are the same question for instance question b and c i wasnt able to post the whole question...

Q:

Consider the following LP problem. Minimize z = 9 . 1 0 x 1 + 5 . 9 0 x 2 , Subject to Constraint 1 : 5 x 1 + 3 x 2 > = 3 0 , Constraint 2 : 2 x 1 + 5 x 2 > = 3 3 , Constraint 3 : x 1 , x 2 > = 0 ,...

Q:

c . Report the shadow price and range of feasibility of each binding constraint. Note: If the answer to constraints is "Binding" enter the "Shadow price" and "Range of feasibility" to 2 decimal...

Q:

For which decision environment is linear programming most suited? What is meant by the term feasible solution space ? What determines this region? Explain the term redundant constraint. Briefly...

Q:

Consider the following LP problem. z = 9.20x1 + 5.90x2 Minimize Subject to: Constraint ! Constraint 2 Constraint 5x + 3x2 30, 2x2 + 5x2 > 33, where x1 and xy represent the decision variables. Solve...

Q:

Consider the following LP problem. Where x1 and x2 represent the decision variables. Solve the LP problem to answer the following questions. a. What are the values of x1 and x2 at the optimal...

Q:

A delivery truck was purchased at a cost of $220,000. The salvage value at the end of 5 years is expected to be $30,000. What is the annual depreciation for the lifetime of the truck using...

Q:

You own a coal mining company and are considering opening a new mine. The mine itself will cost $120 million to open. If this money is spent immediately, the mine will generate $20 million for the...

Q:

So which of the following is a primary market transaction a you sell 2 0 0 shares of IBM stock on the NYSC through your broker B you buy 2 0 0 shares of IBM stock from your brother the trade is not...

Q:

when is it time to create a RM plan? A. few months into the business B. * the time of the creation of the business C. after the first two months D. after one year

Q:

Give an overview of process improvement. LO.1

Q:

Give an overview of problem solving. LO.1

Q:

Describe TQM. LO.1

Q:

You are the Executive VP for International Sales at ABC Company,Chicago,Illinois. You have just arrived in XXXX, the capital of country ZZZZ, to sign the agreement for your company to sell $500...

Q:

Waste Industries is evaluating a $56,900 project with the following cash flows. Years Cash Flows 1 $ 9,240 2 15,800 3 21,200 4 25,400 5 33,200 The coefficient of variation for the project is 1.025....

Q:

Show how I can solve this, answer is below, THANK YOU! Reizenstein Technologies (RT) has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the...