In Sensitivity Analysis, a Zero Shadow Price (Or Dual Value)

question 65

Multiple Choice

In sensitivity analysis, a zero shadow price (or dual value) for a resource ordinarily means that

• A) the resource is scarce.
• B) the resource constraint was redundant.
• C) the resource has not been used up.
• D) something is wrong with the problem formulation.
• E) the resource is very costly.

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Definitions:

Short-Term Planning

The process of setting goals and outlining actions for the near future, typically ranging from a few months to a year.

Work Activities

Tasks or sets of tasks that are carried out as part of one's job role or occupation.

Planning Activities

The process of organizing tasks, setting goals, and determining the actions required to achieve those goals.

Clarifying

The process of making statements or concepts less confused and more comprehensible.