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What is sensitivity analysis in linear programming problems

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Reference no: EM132707422

Problem 1: What is sensitivity analysis in linear programming problems? What isthe definition ofshadow price? What is the managerial use of sensitivity analysis and shadow prices? Find an example (from any source) and clearly explain sensitivity analysis and shadow prices on itby using managerial approach. Your example must be meaningful for explaining sensitivity analysis

Reference no: EM132707422

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What is sensitivity analysis in linear programming problems : What is sensitivity analysis in linear programming problems? What isthe definition ofshadow price? What is the managerial use of sensitivity analysis
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