EBK OPERATIONS MANAGEMENT
EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Chapter B, Problem 9DQ
Summary Introduction

To define: Shadow price

Introduction:

Linear programming:

It is a linear optimization technique followed to develop a best outcome for the problem on hand. The outcome might be maximum profit or less cost which are represented by a linear relationship. The outcome will take into consideration the constraints present in achieving the solution.

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