Chapter 8 – LP Sensitivity Analysis
25. The amount by which an objective function coefficient can change before a different set of values for the decision
variables becomes optimal is the
a. optimal solution.
b. dual solution.
c. range of optimality.
d. range of feasibility.
26. The range of feasibility measures
a. the right-hand-side values for which the objective function value will not change.
b. the right-hand-side values for which the values of the decision variables will not change.
c. the right-hand-side values for which the dual prices will not change.
d. each of these choices are true.
27. The 100% Rule compares
a. proposed changes to allowed changes.
b. new values to original values.
c. objective function changes to right-hand side changes.
d. dual prices to reduced costs.
28. An objective function reflects the relevant cost of labor hours used in production rather than treating them as a sunk
cost. The correct interpretation of the dual price associated with the labor hours constraint is
a. the maximum premium (say for overtime) over the normal price that the company would be willing to pay.
b. the upper limit on the total hourly wage the company would pay.
c. the reduction in hours that could be sustained before the solution would change.
d. the number of hours by which the right-hand side can change before there is a change in the solution point.
29. A section of output from The Management Scientist is shown here.
Variable Lower Limit Current Value Upper Limit
1 60 100 120
What will happen to the solution if the objective function coefficient for variable 1 decreases by 20?
a. Nothing. The values of the decision variables, the dual prices, and the objective function will all remain the same.
b. The value of the objective function will change, but the values of the decision variables and the dual prices will
remain the same.
c. The same decision variables will be positive, but their values, the objective function value, and the dual prices will
change.
d. The problem will need to be resolved to find the new optimal solution and dual price.