A Section of Output from the Management Scientist Is Shown

question 3

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.

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Definitions:

Probabilities

Measures of the likelihood that an event will occur, expressed as numbers between 0 and 1, where 1 denotes certainty.

Outcome

A possible result or effect of an action, situation, or experiment, which can be measured, observed, or evaluated.

Federal Holidays

Days recognized by the federal government of a country as non-working days in commemoration of specified events or celebrations.

Sample Space

The set of all possible outcomes or results of a random experiment.