Economics, Econometrics and Finance
8 years ago

Unveiling the Hidden Impact of Shadow Prices in Linear Programming

Systems Engineering
The “Non-uniqueness” of Shadow Prices in Linear Programming
MA Zan-fu

Paper Summary

Shadow prices in linear programming are not always unique due to differences in optimal solutions. The study compares shadow prices to accounting prices and opportunity costs, as well as the impact of combining resources. This helps explain why shadow prices can vary in linear programming.

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