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    Shadow price

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    5. What is a shadow price? How does the concept relate to the dual of an LP problem? How does it relate to the primal?

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    Shadow price is another name given to dual price. It indicates per unit worth of a resource or right hand side measurement unit. Some textbooksoptimization software call it ...

    Solution Summary

    Solution describes shadow price and explains how it is related to the dual of an LP problem.