The Dual Price Measures, Per Unit Increase in the Right

question 43

Multiple Choice

The dual price measures, per unit increase in the right hand side,

• A)the increase in the value of the optimal solution.
• B)the decrease in the value of the optimal solution.
• C)the improvement in the value of the optimal solution.
• D)the change in the value of the optimal solution.

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Definitions:

Inventory Rate

The speed at which inventory is used and replenished over a specific period.

Lead Time

The duration between the initiation and completion of a process, like the time from placing an order to its delivery.

Review Interval

The predetermined period between assessments or analyses of processes, systems, or inventory levels.

Safety Inventory

Buffer stock maintained to guard against unforeseen spikes in demand or delays in supply, ensuring consistent service levels.