Author Question: A ____________ is the shadow price of a binding simple lower or upper bound on the decision ... (Read 81 times)

daltonest1984 · **on:** Jun 24, 2018

A ____________ is the shadow price of a binding simple lower or upper bound on the decision variable.
a. reduced gradient b. binding constraint
c. binary variable d. local optimum

Question 2

Prediction of the value of the dependent variable outside the experimental region is called
a. interpolation. b. forecasting.
c. averaging. d. extrapolation.

emily12345 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

a
RATIONALE: A reduced gradient is the shadow price of a binding simple lower or upper bound on the decision variable.

Answer to Question 2

d
RATIONALE: Prediction of the value of the dependent variable outside the experimental region is called extrapolation.