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Select the best statement if we consider the following situation: The right-hand side of a particular constraint is 30. Applying sensitivity analysis to the LP model shows that the shadow price is 1.2 and an allowable increase of 15 and allowable decrease of 10.     1.If 20≤RHS≤45, the change in the objective function value will be 1.2 times the difference between the new value and 30.   2.If 10≤RHS≤15, the change in the objective function value will be 1.2 times the difference between the new value and 30.   3.The objective function value will increase.   4.The objective function value will decrease.

Select the best statement if we consider the following situation: The right-hand side of a particular constraint is 30. Applying sensitivity analysis to the LP model shows that the shadow price is 1.2 and an allowable increase of 15 and allowable decrease of 10.     1.If 20≤RHS≤45, the change in the objective function value will be 1.2 times the difference between the new value and 30.   2.If 10≤RHS≤15, the change in the objective function value will be 1.2 times the difference between the new value and 30.   3.The objective function value will increase.   4.The objective function value will decrease.

Practical Management Science
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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Select the best statement if we consider the following situation: The right-hand side of a particular constraint is 30. Applying sensitivity analysis to the LP model shows that the shadow price is 1.2 and an allowable increase of 15 and allowable decrease of 10.
 
 
1.If 20≤RHS≤45, the change in the objective function value will be 1.2 times the difference between the new value and 30.
 
2.If 10≤RHS≤15, the change in the objective function value will be 1.2 times the difference between the new value and 30.
 
3.The objective function value will increase.
 
4.The objective function value will decrease.
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