31 Jan COM315 Decision Support Systems
COM315 Decision Support Systems
Module 4 Discussion
Explain how a change in resource availability can affect the optimal solution of a problem.
Explain how a change in an objective function coefficient can affect the optimal solution of a problem.
What is the 100% rule? What is its role in analyzing the impact of simultaneous changes in model input data values?
What is the pricing out procedure? How can a firm benefit from using the pricing out procedure?
What is a sensitivity report? How is it used?
How do we detect the presence of alternative optimal solutions from a Solver Sensitivity Report?
What is the shadow price? Give an example. Why would a firm find information regarding the shadow price of a resource useful?
Explain slack and surplus. Give an example of each.
Explain binding and non-binding constraints. How can you tel
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