11. The shadow price is calculated to be 5 for a less than or equal to constraint in a maximization LP problem, this means: a. if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 5 b. if the RHS for that constraint is increased by one then the optimal objective function value is increase by 5 c. if the RHS for that constraint is increased by 5 then the optimal objective function value is increase by 1 d. if the coefficient of the objective function is increase by 5 then the RHS for that constraint must be increased by 1
11. The shadow price is calculated to be 5 for a less than or equal to constraint in a maximization LP problem, this means: a. if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 5 b. if the RHS for that constraint is increased by one then the optimal objective function value is increase by 5 c. if the RHS for that constraint is increased by 5 then the optimal objective function value is increase by 1 d. if the coefficient of the objective function is increase by 5 then the RHS for that constraint must be increased by 1
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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11. The shadow price is calculated to be 5 for a less than or equal to constraint in a maximization LP problem, this means:
a. if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 5
b. if the RHS for that constraint is increased by one then the optimal objective function value is increase by 5
c. if the RHS for that constraint is increased by 5 then the optimal objective function value is increase by 1
d. if the coefficient of the objective function is increase by 5 then the RHS for that constraint must be increased by 1
12. Sensitivity Analysis generally assumes
a. we are considering a change in two input data values at a time
b. are considering a change in only one input data value at a time
c. we are considering several change in several input data values at a time
d. none of these
13. A non-binding constraints
a. mean that all the resources for that constraint are used
b. has a non-zero shadow price
c. has a zero shadow price
d. the slack for that constraint is zero
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