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sinnefoula sinnefoula
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6 years ago
A shadow price (or dual value) reflects which of the following in a maximization problem?
A) the reduction in cost that would accompany a one unit decrease in the resource
B) the market price that must be paid to obtain additional resources
C) the increase in profit that would accompany one added unit of a scarce resource
D) the marginal gain in the objective realized by subtracting one unit of a resource
E) the profit contribution necessary for that item to be included in the optimal solution
Textbook 
Operations Management

Operations Management


Edition: 10th
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kadajikadaji
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sinnefoula Author
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6 years ago
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