The objective coefficient ranging analysis, discussed in the last example, is useful for accessing the effects of changing costs and returns on the optimal solution if each objective function ...

For example, the output shows that if the cost of ARABIAN_LIGHT crude were to increase from 175 to 186.6 per unit (remember that you are maximizing profit so the ARABIAN_LIGHT objective coefficient ...

Richard E. Wendell, Arthur P. Hurter Jr. We consider an important class of mathematical programs, in which the vector variable can be partitioned into two subvectors corresponding to independent ...

Satisficing is a decision-making process that strives for adequate rather than perfect results. Satisficing aims to be pragmatic and saves on costs or expenditures. The term “satisfice” was ...