In Sensitivity Analysis, a Zero Shadow Price (Or Dual Value)

question 65

Multiple Choice

In sensitivity analysis, a zero shadow price (or dual value) for a resource ordinarily means that

• A) the resource is scarce.
• B) the resource constraint was redundant.
• C) the resource has not been used up.
• D) something is wrong with the problem formulation.
• E) the resource is very costly.

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Definitions:

Psychological Approach

A method of understanding human behavior that focuses on the mental processes and emotional factors influencing individuals.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and values.

Internal Causes

Reasons or factors that originate within an individual or system, leading to certain outcomes or behaviors.

External Causes

Factors or conditions outside of an individual's control that impact events or outcomes, often used in analyzing behaviors or situations.