8.  Which of the following statements about linear programming is FALSE? Select one: a. If the change of the objective coefficient is out of the range of optimality, the optimal solution in terms of decision variables will usually change. b. A redundant constraint is also a non-binding constraint. c. In sensitivity analysis of LP problem, if the resource has been used up, the shadow price would be non-zero. d. A difference between minimization and maximization problems is that minimization problems often have unbounded regions. e. If the RHS of a constraint changes in a profit maximization problem, the iso-profit line will change as well

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.