Question: For which decision environment is linear programming most suited? What is meant by the term feasible solution space ? What determines this region? Explain the

  1. For which decision environment is linear programming most suited?

  2. What is meant by the term feasible solution space? What determines this region?

  3. Explain the term redundant constraint.

  4. Briefly explain these terms:

    1. Basic variable

    2. Shadow price

    3. Range of feasibility

    4. Range of optimality

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