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 inequalities)has been solved, and the optimum value of a variable X is X*=10tons. Based on this information, which of the following statements (if any)are true?
a.The nonnegativity constraint X 20is binding.
b.The nonnegativity constraint X 0is redundant.
c.The reduced cost of variable X is zero.
d.The optimum objective value increases by $10per unit increase in the objective
coefficient of variable X,within its objective coefficient range.
e.The reduced cost of variable X is completely determined by its objective and constraint coefficients and by the dual prices.

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!