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  • Objective Minimize (-1 X1) + (-2 X2)

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    Rasha Yatmeen
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    This document summarizes the output from solving a linear minimization problem in Excel. It explains that Excel reports dual variables, or shadow prices, as the change in objective value from a 1 unit increase in the right-hand side of each constraint. It also lists the objective as minimizing -1*X1 + -2*X2 and identifies the three constraints in the problem as -2X1 + X2 <= 2, -1X1 + X2 <=3, and X1 <= 3.

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    TEST4-OUTPUT

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    This document summarizes the output from solving a linear minimization problem in Excel. It explains that Excel reports dual variables, or shadow prices, as the change in objective value from a 1 unit increase in the right-hand side of each constraint. It also lists the objective as minimizing -1*X1 + -2*X2 and identifies the three constraints in the problem as -2X1 + X2 <= 2, -1X1 + X2 <=3, and X1 <= 3.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    14 views1 page

    Objective Minimize (-1 X1) + (-2 X2)

    Uploaded by

    Rasha Yatmeen
    This document summarizes the output from solving a linear minimization problem in Excel. It explains that Excel reports dual variables, or shadow prices, as the change in objective value from a 1 unit increase in the right-hand side of each constraint. It also lists the objective as minimizing -1*X1 + -2*X2 and identifies the three constraints in the problem as -2X1 + X2 <= 2, -1X1 + X2 <=3, and X1 <= 3.

    Copyright:

    © All Rights Reserved
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    of 1

    This is output from a MINIMIZATION problem.

    I want to remind you that when Excel reports dual


    variables (shadow prices), the shadow price = (Objective value AFTER right hand side change of +1) –
    (Objective value BEFORE RHS change). Excel does not care if the problem is a maximization or a
    minimization when reporting dual variables (unlike some other solvers).

    Objective = Minimize (-1*X1) + (-2*X2).

    $K$8 is the constraint -2X1 + X2 <= 2; $K$9 is the constraint -1X1 + X2 <=3; $K$10 is the constraint X1 <=
    3.

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