BUSOBA 2321 Final Exam |
Verified with 100% Correct Answer
2025
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Terms in this set (103)
What question How sensitive is our solution to
are we trying to changes in the assumptions that
answer when we made?
performing
sensitivity
analysis?
T or F: The False - it always will be since this is
optimal solution where two constraints are maxed
will not always out - more resources = more
be at a corner production = more optimal
point
,T or F: The True
assumptions
made in our
linear program
formulation (i.e.
how much
profit we will be
able to make
per unit of a
particular
product) may
change based
on market
conditions -
which we do
not have
control over.
The change in the OBJ FN value if
Define shadow
we increase one constraint by one
price
unit.
,By solving for If we have a additional unit of the
the shadow constrained resource available,
price of a how much could our OBJ FN value
constrained increase by?
resource, what
question are we
answering?
An additional constraint will never
increase the OBJ FN VAL.
How do we If the constraint is redundant (i.e. it
know if the is already being adhered too; there
addition of a is another constraint that is more
constraing will restrictive than this new constraint),
result in the OBJ our OBJ FN val wiull remain the
FN value same - the feasible region will not
increases, change.
staying the
same, or If it is not redundant (is not already
decreasing? being adhered to - the addition of
this constraint decreases our
feasible region), our OBJ FN val will
decrease
, What are the 1. adjustable cells
two sections of 2. constraints
a sensitivity
report?
For what type maximums;
of constraint <
(what sign)
might slack
exist?
For what type Minimums
of constraint >
(what sign)
might surplus
exist?
Why might the If slack already exists - if we
allowable already aren't using up all of what
increase of a we currently have available, we will
constraint be never gain anything by increasing
infinite? the availability of the resource.
Verified with 100% Correct Answer
2025
Save
Terms in this set (103)
What question How sensitive is our solution to
are we trying to changes in the assumptions that
answer when we made?
performing
sensitivity
analysis?
T or F: The False - it always will be since this is
optimal solution where two constraints are maxed
will not always out - more resources = more
be at a corner production = more optimal
point
,T or F: The True
assumptions
made in our
linear program
formulation (i.e.
how much
profit we will be
able to make
per unit of a
particular
product) may
change based
on market
conditions -
which we do
not have
control over.
The change in the OBJ FN value if
Define shadow
we increase one constraint by one
price
unit.
,By solving for If we have a additional unit of the
the shadow constrained resource available,
price of a how much could our OBJ FN value
constrained increase by?
resource, what
question are we
answering?
An additional constraint will never
increase the OBJ FN VAL.
How do we If the constraint is redundant (i.e. it
know if the is already being adhered too; there
addition of a is another constraint that is more
constraing will restrictive than this new constraint),
result in the OBJ our OBJ FN val wiull remain the
FN value same - the feasible region will not
increases, change.
staying the
same, or If it is not redundant (is not already
decreasing? being adhered to - the addition of
this constraint decreases our
feasible region), our OBJ FN val will
decrease
, What are the 1. adjustable cells
two sections of 2. constraints
a sensitivity
report?
For what type maximums;
of constraint <
(what sign)
might slack
exist?
For what type Minimums
of constraint >
(what sign)
might surplus
exist?
Why might the If slack already exists - if we
allowable already aren't using up all of what
increase of a we currently have available, we will
constraint be never gain anything by increasing
infinite? the availability of the resource.
