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Learning Objectives Module5

Learning Objectives Module5 - dual price in the MS software...

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Learning Module 5: Solving and Interpreting  LPMs Learning Objectives: 1. Interpret the reduced cost in the solution output 2. Identify and interpret the slack and surplus variables in the MS software output 3. Identify and interpret the significance of binding constraints in the MS software output. 4. Write a linear programming model in standard form . 5. Identify and interpret the
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Unformatted text preview: dual price in the MS software output. 6. Interpret the range for a right-hand side in the MS software output. 7. Understand shadow prices and their relation to dual prices. 8. Write an LP model using index notation . Understand the following terms sensitivity analysis dual price reduced cost slack variable surplus variable binding constraint shadow price...
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