Consider an optimization model with several resource constraints. For one such resource, the amount used in the optimal solution is less than the amount available. What is the shadow price of this resource constraint and why
Consider an optimization model with several resource constraints. For one such resource, the amount used in the optimal solution is less than the amount available. What is the shadow price of this resource constraint and why
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter3: Introduction To Optimization Modeling
Section: Chapter Questions
Problem 48P
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Consider an optimization model with several resource constraints. For one such resource, the amount used in the optimal solution is less than the amount available. What is the shadow price of this resource constraint and why?
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