For each of the following the LP model, respond to the following questions using graphic tools or
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Question:
For each of the following the LP model, respond to the following questions using graphic tools or algebraic methods:
- Identify the constraints that are binding and the ones that are not binding.
- Identify if any constraint is redundant (i.e., is not needed to delineate the feasibility region)
- Find the range of optimality of both of the objective function coefficients
- Find the shadow prices of each of the constraints
- Compute the amount by which the objective function changes, if the right-hand side of one of the constraints increases by 8%.
Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9780136115830
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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