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1) Describe "Sensitivity Analysis" within the Linear Programming context. Why is sensitivity analysis important? 2) Discuss...

1) Describe "Sensitivity Analysis" within the Linear Programming context. Why is sensitivity analysis important?

2) Discuss the impact of the changes in the following to your optimal solution: objective function coefficient resources or right-hand-side values.

I need at least 200 words

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Answer #1

1. Sensitivity analysis determine the amount by which we can change the input data for the output in lenear programming model. It helps to find out the sensitivity of supplied data in the problem. A small changes in input sometimes generate a big changes in the optimal solution for some model and some other time changes in input for some other model doesn't affect its optimal solution.

Sensitivity analysis important because it help to decision making and it helps in-depth study of all the variables. It study independent and dependent variable in a detailed manner.

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