Objective function and constraints and shadow price

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1) Briefly explain the following terms: Decision Variables, Objective Function, Constraints and Shadow Price.

2) Transshipment model is a model that like transportation model can be formulated as a Linear Program and solved using the solver functionality in Excel. Use the web to research what the Transshipment model is, how it differs from the Transportation model and how it can be formulated as a Linear Program.

Reference no: EM131138411

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