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This topic has 1 reply, 2 voices, and was last updated 1 year ago by LMR1006.

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June 6, 2023 at 5:34 pm #686210
sind
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What is the meaning of binding constraints??
June 7, 2023 at 7:20 am #686318
LMR1006
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A constraint is called “binding” or “active” if it is satisfied as an equality at the optimal solution
The shadow price of a binding constraint is the amount by which the total contribution would increase if one more unit of the scarce resource became available.
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