shadow price is the value of a 1-unit increase in the ___________ of a constraint
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RHS
LP standard form: (1.20C + 3.70G + 2.0M) / (C + G + M) <= 2.0
literal form: __________________
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-0.80C + 1.70G <= 0
redundant constraint
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does not determine the feasible region
usually a result of the problem definition
generally won't prevent an optimal solution from being found, but finding a
solution may take longer w/ many redundant constraints
what is redundant now may not be in the future
could be a modeling error, verify correct formulation
types of simulation modeling -- analogue (performance)
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product design and testing, space walks, "games"
reading sensitivity analysis report example problem (2)
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sensitivity analysis report -- final value (TOP SECTION) = _____________________
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optimal solution
properties of optimization models -- linear assumption
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all variables raised to the 1st power
reduced cost in solver identifies...
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the impact on the objective function value if a decision variable that is not
included in the current optimal solution is forced into the solution at 1 unit
infeasible graphical solution example
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, network models -- types of nodes
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origin or supply nodes (sources): 1+2
destination or demand nodes (sinks): 4+5
transshipment nodes (pass-throughs): 3
shadow price example (volume)
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reading sensitivity analysis report example problem (4)
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RHS
LP standard form: (1.20C + 3.70G + 2.0M) / (C + G + M) <= 2.0
literal form: __________________
Give this one a try later!
-0.80C + 1.70G <= 0
redundant constraint
,Give this one a try later!
does not determine the feasible region
usually a result of the problem definition
generally won't prevent an optimal solution from being found, but finding a
solution may take longer w/ many redundant constraints
what is redundant now may not be in the future
could be a modeling error, verify correct formulation
types of simulation modeling -- analogue (performance)
Give this one a try later!
product design and testing, space walks, "games"
reading sensitivity analysis report example problem (2)
Give this one a try later!
sensitivity analysis report -- final value (TOP SECTION) = _____________________
,Give this one a try later!
optimal solution
properties of optimization models -- linear assumption
Give this one a try later!
all variables raised to the 1st power
reduced cost in solver identifies...
Give this one a try later!
the impact on the objective function value if a decision variable that is not
included in the current optimal solution is forced into the solution at 1 unit
infeasible graphical solution example
Give this one a try later!
, network models -- types of nodes
Give this one a try later!
origin or supply nodes (sources): 1+2
destination or demand nodes (sinks): 4+5
transshipment nodes (pass-throughs): 3
shadow price example (volume)
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reading sensitivity analysis report example problem (4)
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