Mathematics · Linear Programming
In linear programming, the term 'shadow price' represents:
- 1The cost of adding one unit to the objective function.
- 2The value of a non-negativity constraint.
- 3The change in the optimal objective value per unit increase in the right-hand side of a constraint.✓
- 4The cost of the remaining constraints.
Correct answer
The change in the optimal objective value per unit increase in the right-hand side of a constraint.
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