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the range of which the objective function coefficient can increase or decrease by before lp must be recalculated and a new optimal solution is found is called the:

Qu12 iStructions Show Instructions D | Question 15 5 pts The reduced cost tells you by how much a particular objective function coefficient would have to improve by before you can start producing something of that variable True False Previous Next No new data to save. Last checked at 9:27pm Submit Quiz Questions ? Question 1 Question 2 Question 3 Question 4 Question 5 Question 6
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Answer #1

The above statement is false. Because in the objective function in cost function, we minimise cost so the objective function must reduce so that it improves the coefficient before we start producing something of that variable.

If the range of which the objective function coefficient can increase or decrease by before lp must be recalculated and a new optimal solution is found is called the Simplex Method.

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