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COB 291 UPDATED COMPLETE QUESTIONS AND ANSWERS PREMIUM LEARNING COMPANION

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COB 291 UPDATED COMPLETE QUESTIONS AND ANSWERS PREMIUM LEARNING COMPANION

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COB 291 UPDATED COMPLETE QUESTIONS
AND ANSWERS PREMIUM LEARNING
COMPANION

●● binding
Answer: if both sides of the constraint are equal (have no slack) then the
constraint is considered ___________


●● nonbinding
Answer: if there is slack (numbers not equal) and the shadow price is
zero then this is considered a ____________ constraint.


●● infinity (IE+30)
Answer: OFC already at extreme (as small or big as possible)


●● optimal schedule (stuff ur buying) stays the same
Answer: if a change in an OFC is within the range then...


●● shadow price can be trusted (stays)
Answer: if a change in the RHS is within range...


●● binary variable

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