The Term "Range of Optimality" Refers to a Range of Values

question 62

True/False

The term "range of optimality" refers to a range of values for an objective function coefficient over which the optimal solution values of the decision variables remain the same.

---

Definitions:

Administrative Expenses

Costs related to the general operation of a business, including expenses such as office supplies, salaries of non-sales personnel, and rent.

Employee Claims

Rights or demands made by workers against their employer for various benefits, compensation, or acknowledgments of rights or wrongs.

Unpaid Taxes

Taxes that are owed to the government but have not been paid by the due date.