The dual price is the improvement in value of the optimal solution per unit increase in a constraint's right-hand-side value.

Name: The dual price is the improvement in value of the optimal solution per unit increase in a constraint's right-hand-side value.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The dual price, also known as shadow price, represents the increase in the objective function value per unit increase in the right-hand-side of a constraint in the primal problem. Therefore, the statement is correct.

The Dual Price Is the Improvement in Value of the Optimal