COMMERCE 3QA3 Midterm: brs_mdm3_tif_ch04

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 3QA3
• Professor: Mandeep Malik

Document Summary

Difficulty: easy: assume that the shadow price of a non-binding " " constraint is 5. Difficulty: easy: a constraint has a slack of 5 units. 1: a constraint has a surplus of 10 units. Difficulty: easy: impact of changes in rhs values of constraints is typically measured by the, reduced cost, rhs allowable increase value, rhs allowable decrease value, shadow price, objective function coefficients. Difficulty: easy: the presence of zeros in the allowable increase or allowable decrease columns for objective function values indicates, alternate optimal solution, unbounded solution, redundant constraint, infeasible solution, unique solution. Difficulty: easy: assume that the reduced cost of a decision variable is - for a maximization problem. 2: in pricing out a new variable, the worth or value of resources consumed is typically measured by, reduced costs, the 100% rule, shadow prices, slack values, surplus values. Use this information, along with its associated sensitivity report, to answer the following questions.