Quiz Sensitivity Analysis.pdf

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1 1 Quiz Sensitivity Analysis 1. The difference between the right-hand side (RHS) values of the constraints and the final (optimal) value assumed by the left-hand side (LHS) formula for each constraint is called the _____ and is found in the _____ column on the Answer Report. a. Slack, Status b. Cell Value, Slack c. Slack, Slack d. Cell Value, Status 2. A binding greater than or equal to ( ) constraint in a minimization problem means a. the variable is up against an upper limit. b. the minimum requirement for the constraint has just been met. c. another constraint is limiting the solution. d. the shadow price for the constraint will be positive. 3. A binding less than or equal to ( ) constraint in a maximization problem means 4. The allowable increase for a changing cell (decision variable) is 5. The allowable decrease for a changing cell (decision variable) is 6. Which of the following statements is false concerning either of the Allowable Increase and Allowable Decrease columns in the Sensitivity Report? a. The values equate the decision variable profit to the cost of resources expended. b. The values give the range over which a shadow price is accurate. c. The values give the range over which an objective function coefficient can change without changing the optimal solution. d. The values provide a means to recognize when alternate optimal solution exist.
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