Question: Following is a partial Excel Sensitivity analysis for an optimization problem: Constraint Final value Shadow price RH Constraint Allowable Increase Allowable Decrease 1 8 00

Following is a partial Excel Sensitivity analysis for an optimization problem:

Constraint Final value Shadow price RH Constraint Allowable Increase Allowable Decrease
1 8 00 10 IE+30 2
2 15 3 15 4 1

What are the slacks for the constraints:

0 for constraint 1 and 1 for constraint 2

2 for constraint 1 and 1 for constraint 2

2 for constraint 1 and 0 for constraint 2

Zero for both constraints

The Shadow Price for Constant 1 means what?

The objective function coefficients will increase by 3 for each increase of 1 unit of the RH value of this constraint.

The objective function value will increase by 3 for each increase of 1 unit of the RH value of this constraint.

The objective function coefficients will increase by 1 for each increase of 3 unit of the RH value of this constraint.

The objective function value will increase by 1 for each increase of 3 unit of the RH value of this constraint.

The range of feasibility for constraint 2 is?

14 to 19 where the shadow price will be applicable.

15 to 19 where the shadow price will be applicable.

14 to 19 where the shadow price will not be applicable.

15 to 19 where the shadow price will not be applicable.

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