Question: I formulate a linear optimization problem. I am told that the shadow price of one of my constraints is 10. This is the only information

I formulate a linear optimization problem. I am told that the shadow price of one of my constraints is 10. This is the only information I have from the sensitivity report for this problem. Which of the following statements is true?

I formulate a linear optimization problem. I am

a) If I increase the right-hand side of this constraint within the allowable increase, the optimal objective value increases. b) If I decrease the right-hand side of this constraint, I always need to resolve the problem in order to evaluate the change in the optimal objective value. c) If I increase the right-hand side of this constraint, the optimal solution is unchanged. d) I don't have enough information to conclude that any of these statements are true

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!