To Perform Sensitivity Analysis Involving an Integer Linear Program, It

question 41

Multiple Choice

To perform sensitivity analysis involving an integer linear program, it is recommended to

• A) use the dual prices very cautiously.
• B) make multiple computer runs.
• C) use the same approach as you would for a linear program.
• D) use LP relaxation.

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Definitions:

Marginal Revenue Product

The extra income produced by employing an additional unit of a production input.

Marginal Product

The additional output that results from the use of one more unit of a variable input, while other inputs are kept constant.

Labor Schedule

A plan outlining the allocation and timing of employees' work hours.

Product Demand

The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price within a certain time period.