As related to sensitivity analysis in linear programming,when the profit increases with a unit increase in labor,this change in profit is referred to as the
A)add-in price.
B)sensitivity price.
C)shadow price.
D)additional profit.

Question

Quizplus · Accepted Answer

The shadow price in linear programming refers to the change in the objective function value (e.g., total profit) for a one-unit increase in the right-hand side of a constraint (e.g., labor). It indicates the value of an additional unit of a resource.

As Related to Sensitivity Analysis in Linear Programming,when the Profit