the change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the Select one: a. Reduced cost b. Bulk rate c. Objective function coefficient O d. Shadow price



Answer :

The change in the optimal objective function value per unit increase in the right-hand side of a constraint is Shadow price .

What does "shadow pricing" mean?

An estimated price for something that is not typically valued or offered for sale in the market is known as a "shadow price."

                          Businesses may gain a better grasp of the costs and advantages of a project thanks to shadow pricing.

What in linear programming is a shadow price?

In linear programming, the maximum cost that must be paid to acquire a new unit of resource is known as the shadow price of the resource restriction.

                         Subtract the original objective function's value from the current objective function's value by one additional unit to determine the shadow price.

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