Question: Subject - Business optimization analytics: A linear optimization model of a resource allocation problem ( for maximizing profit. expressed in dollars, and in which variables
Subject Business optimization analytics:
A linear optimization model of a resource allocation problem for maximizing profit.
expressed in dollars, and in which variables are nonnegative, and all constraints are linear inequalitieshas been solved, and the optimum value of a variable X is Xtons Based on this information, which of the following statements if anyare true?
aThe nonnegativity constraint X is binding.
bThe nonnegativity constraint X is redundant.
cThe reduced cost of variable X is zero.
dThe optimum objective value increases by $per unit increase in the objective
coefficient of variable Xwithin its objective coefficient range.
eThe reduced cost of variable X is completely determined by its objective and constraint coefficients and by the dual prices.
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