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The shadow price is calculated to be P4.00 for a less than or equal to constraint in a maximization LP problem with the optimal objective function value of z = 25, this means that   a.if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 4. b. if the RHS for that constraint is increased by 4 units then the optimal objective function value will become 26 c.if the coefficient of the objective function is increase by 4 then the RHS for that constraint must be increased by 1. d.if the RHS for that constraint is increased by one unit then the optimal objective function value will become 29

The shadow price is calculated to be P4.00 for a less than or equal to constraint in a maximization LP problem with the optimal objective function value of z = 25, this means that   a.if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 4. b. if the RHS for that constraint is increased by 4 units then the optimal objective function value will become 26 c.if the coefficient of the objective function is increase by 4 then the RHS for that constraint must be increased by 1. d.if the RHS for that constraint is increased by one unit then the optimal objective function value will become 29

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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The shadow price is calculated to be P4.00 for a less than or equal to constraint in a maximization LP problem with the optimal objective function value of z = 25, this means that
 
a.if the coefficient of the objective function is increase by 1 then the RHS for that constraint must be increased by 4.
b. if the RHS for that constraint is increased by 4 units then the optimal objective function value will become 26
c.if the coefficient of the objective function is increase by 4 then the RHS for that constraint must be increased by 1.
d.if the RHS for that constraint is increased by one unit then the optimal objective function value will become 29
 
 
 
 
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