Discuss the role of sensitivity analysis in linear programmi

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One of the most important decision a manager will make is how to allocate and (or) use resources available to the company. It is vital for managers to "get it right" because the consequence may be too drastic for the company to bear.

Discuss the role of sensitivity analysis in Linear Programming (LP). Under what circumstances is it needed, and under what conditions do you think it is necessary? Please cite reference. 

 

 

Reference no: EM13811608

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