7.7 Sensitivity Analysis
Optimal solutions to LP problems have thus far been found under what are called deterministic assumptions. This means that we assume complete certainty in the data and relationships of a problem; namely, prices are fixes, resources are known, and the time needed to produce a unit is exactly set. But in the real world, conditions are dynamic and changing. How can we handle this apparent discrepancy?
One way we can do so is by continuing to treat each particular LP problem as a deterministic situation. However, when an optimal solution is found, we recognize the importance of seeing just how sensitive that solution is to ...
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