Could someone please explain how the objective function value would change when
ID: 401264 • Letter: C
Question
Could someone please explain how the objective function value would change when the right hand side value changes. For maximization questions: For a positive shadow price, an increase in the R.H. side would increase the objective function value which is good; a decrease in the R.H. side would decrease the objective function value which is bad For a negative shadow price, an increase in the R.H. side would decrease the objective function value which is bad; a decrease in the R.H side value would increase the objective function value which is good? Is this the same for minimization problems? Positive shadow price - increase R.H. side would increase the objective function value -> bad; decreasing the R.H. side would decrease the objective function value -> good. Negative shadow price - increasing the R.H. side would decrease the objective function value -> good; decreasing the R.H side would increase the objective function value -> good. Thank you!!Explanation / Answer
yeah you are absolutely right,just concentrate on the values of objective function. in case of minimistation just assume you have to minimise your total cost, if changing R.H.S would decrease your cost,you would be happy ri8?? So dats good PLEASE RATE ME BRO