COB 291 Lecture Notes - Lecture 9: Sunk Costs, Shadow Price
Document Summary
The range of values the objective function coefficients can assume without changing the optimal solution. The impact on the optimal objective function value of increases or decreases in the availability of various constrained resources. The impact on the optimal objective function value of forcing changes in the values of certain decision variables away from their optimal values. The impact that changes in constraint coefficients will have on the optimal solution to the problem. This report summarizes the solution to the problem and is fairly self-explanatory. The first section of the report summarizes the solution to the problem (the original and final (optimal) value of the objective cell) The second section summarizes the original and final (optimal) values of the decision variable cells. The final section provides information about the constraints. Binding: a constraint is binding if it satisfied equality in the optimal solution otherwise it is nonbinding.
