OPERATIONS RESEARCH >INTERNATIONAL EDITI
OPERATIONS RESEARCH >INTERNATIONAL EDITI
4th Edition
ISBN: 9780534423629
Author: WINSTON
Publisher: CENGAGE L
Expert Solution & Answer
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Chapter 5.2, Problem 5P

a.

Explanation of Solution

Optimum solution

  • The new optimum solution value is calculated by the given formula:

    New value = Old value – (Key column value × Key row value) / Key value

  • The key row value can be calculated by the given formula:

  

b.

Explanation of Solution

Optimum solution

  • The new optimum solution value is calculated by the given formula:

    New value = Old value – (Key column value × Key row value) / Key value

  • The key row value can be calculated by the given formula:

   Key row value = Current key row value / 

c.

Explanation of Solution

Cost increase

  • The shadow price is the estimated price of a good or a service.
  • The shadow price can be found by subtracting the original objective function value from the function va...

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