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Quantitative analysis:Constraints.

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Constraints can be binding or non-binding.

What is the difference between these? Can you think of an example?

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Solution Summary

The problem deals with discussing the differences between binding and non-binding constraints under linear programming.

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CONSTRAINTS CAN BE BINDING OR NON-BINDING.

What is the difference between these? Can you think of an example?

TUTORIAL

A binding constraint is a constraint for which at the optimal point, of a programming problem, has a slack value of zero. On the other hand, a non-binding constraint is a constraint which, at the optimal point, does not have a slack value of ...

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Chidi Ngene, M. Sc.
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  • M. Sc., London South Bank University
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