For a Maximization Problem, the Shadow Price Measures the ________

question 79

Multiple Choice

For a maximization problem, the shadow price measures the ________ in the value of the optimal solution, per unit increase for a given ________.

• A) decrease, resource
• B) increase, parameter
• C) improvement, resource
• D) decrease, parameter

---

Definitions:

Work Process

The sequence of tasks or activities that are carried out to produce a particular outcome, often within a professional or industrial setting.

Productivity

Productivity is the measure of efficiency with which goods and services are produced, often quantified as output per unit of input.

Quality

The degree to which a product, service, or process meets specified requirements and satisfies customer expectations.

Resource Utilization

The effective and efficient use of assets, materials, and labor within an organization to maximize output or productivity.