A Section of Output from the Management Scientist Is Shown

question 4

Multiple Choice

A section of output from The Management Scientist is shown here. What will happen to the solution if the objective function coefficient for variable 1 decreases by 20?

• A) Nothing. The values of the decision variables, the dual prices, and the objective function will all remain the same.
• B) The value of the objective function will change, but the values of the decision variables and the dual prices will remain the same.
• C) The same decision variables will be positive, but their values, the objective function value, and the dual prices will change.
• D) The problem will need to be resolved to find the new optimal solution and dual price.

---

Definitions:

Pattern Bargaining

A labor negotiation strategy where a union establishes a negotiated contract as a standard or "pattern" to be applied in negotiations with other employers in the same industry.

Multi-Party Negotiations

A negotiation process involving more than two parties or groups, typically used in complex business, labor, or political discussions.

Bargaining Power

The ability of a party to exert influence over another party in negotiations to achieve desirable terms.

Collective Bargaining

The practice of negotiating terms of employment, including wages and working conditions, between an employer and a group of workers or their representatives.