In any optimization model such as those in this chapter, we say that the model is unbounded

Question:

In any optimization model such as those in this chapter, we say that the model is unbounded (and Solver will indicate as such) if there is no limit to the value of the objective. For example, if the objectiveis profit, then for any dollar value, no matter how large, there is a feasible solution with profit at least this large. In the real world, why are there never any unbounded models? If you run Solver on a modeland get an "unbounded" message, what should you do?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics Data Analysis and Decision Making

ISBN: 978-1305947542

6th edition

Authors: S. Christian Albright, Wayne L. Winston

Question Posted: