L8_10 - 1/1 ESI 6314 Deterministic Methods in Operations...

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Unformatted text preview: 1/1 ESI 6314 Deterministic Methods in Operations Research Lecture Notes University of Florida Department of Industrial and Systems Engineering / REEF 2/1 Sensitivity Analysis In sensitivity analysis, we deal with the following questions: How do changes in an LP’s parameters (objective function coefficients, technological matrix and right-hand sides) change the optimal solution? Assuming that we found an optimal solution of an LP, how much can we change the LP’s parameters, so that the current basis remains optimal? 3/1 Giapetto’s example Giapetto’s, Inc., manufactures wooden soldiers and trains. Each soldier built: Sells for $27 and uses $10 worth of raw materials. Increases Giapetto’s variable labor/overhead costs by $14. Requires 2 hours of finishing labor. Requires 1 hour of carpentry labor. Each train built: Sells for $21 and uses $9 worth of raw materials. Increases Giapetto’s variable labor/overhead costs by $10. Requires 1 hour of finishing labor. Requires 1 hour of carpentry labor. 4/1 Giapetto’s example Each week Giapetto can obtain: All needed raw material....
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This note was uploaded on 12/14/2010 for the course ESI 6314 taught by Professor Vladimirlboginski during the Fall '09 term at University of Florida.

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L8_10 - 1/1 ESI 6314 Deterministic Methods in Operations...

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