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A change in the values of an objective function can cause a change in the optimal solution. There is a range of values for which the optimal values of the decision variables will not change. What is this range referred to as?

Question

A change in the values of an objective function can cause a change in the optimal solution. There is a range of values for which the optimal values of the decision variables will not change. What is this range referred to as?

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Solution

The range of values for which the optimal values of the decision variables will not change is referred to as the "sensitivity range" or "range of optimality."

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