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Question
The objective function value of a production planning LP model takes into account the cost of the resources used for production. We have 100 units of a resource available, and the cost for each unit of the resource is $10 (for the first 100 units). Increasing the availability of that resource by 1 unit improves the objective function value by $ 4. At most how much should we pay for the additional unit of the resource (i.e., to increase the availability from 100 to 101)?
1. Your assignment is to review the Case Study 11.3: Team-Based Rewards for the State of Georgia and answer the following questions:
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