About this document
Understanding Sensitivity Analysis Basics by Elaine Escobanez is a document available to read on EtoBox.
- Sensitivity analysis determines how changes to objective function coefficients or right-hand side values impact the optimal solution. - The range of optimality for each coefficient is the range of values where the current solution remains optimal. The range of feasibility is the range where the shadow price applies. - Shadow prices indicate the impact of increasing right-hand side values and depend on whether the associated cost is relevant or sunk.
- Author
- Elaine Escobanez
- Language
- EN