Sensitivity analysis: Introduction to the dual/shadow price

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  • Опубликовано: 28 авг 2024
  • Review a homework assignment and introduce the dual.

Комментарии • 15

  • @patricembaya8183
    @patricembaya8183 3 года назад +3

    Very well explained , Very helpful . I have saved myself 4 hours of reading a textbook
    Thank you so much.

  • @r.k.y484
    @r.k.y484 5 лет назад +9

    Awesome lecture very helpful. I am student of USM Malaysia so, it's great to see like this.i feel always problem in sensitivity analysis but it's helpful me.

  • @dursung_
    @dursung_ 2 месяца назад

    So nice video, I have easily understood. Thanks so much!

  • @kavian4249
    @kavian4249 3 года назад +11

    Everybody is coughing...... oh wait.. it was filmed in 2018. good ol days

    • @Claudia-lq3ns
      @Claudia-lq3ns Год назад

      LMAO ikr?? Now when I get a sniffle/cough and I call out or WFH with no question

  • @Energya01
    @Energya01 Год назад

    Thanks for uploading, I was looking for a nice introductory explanation of the dual.
    If I understood correctly, then at 33:04, the actual new optimum is at x=2.5, y=2.5, with a dual of -2.
    The optimum will still be at the intersection of the blue and green constraints (Cb and Cg), which are now
    1x + 3y >= 10
    2x + 2y >= 10
    To calculate their intersection we can set them to equalities and do (Cg - 2Cb), giving
    2x + 2y = 10
    2x + 6y = 10
    _____________ -
    0x - 4y = -10
    so y = 2.5. Plugging that back into either Cg or Cb gives x=2.5.
    The dual then is ((8*3 + 12*2) - (8*2.5 + 12*2.5) / 1) = (24 + 24) - (20 + 30) = 48 - 50 = -2, where P_new = 50 is the objective value for the new optimum

  • @boorinquynh8981
    @boorinquynh8981 4 года назад +1

    Thnak you for your video,Professor Geisler!

  • @SequinBrain
    @SequinBrain 3 года назад +1

    How does the sensitivity change for 3 or more variables, since we then can't find the slope? or can we?

  • @adeyinkaadeyemo9583
    @adeyinkaadeyemo9583 Год назад

    Thank you so much for this video!

  • @fiscalitesansfrontieres3905
    @fiscalitesansfrontieres3905 3 года назад +1

    why you choose the first both equations to solve the range of optimality?

    • @thomashuang4931
      @thomashuang4931 Год назад +2

      that where the Objective function slope lie in between, between the slope of first constraint and the slope of second constraint

  • @avadheshkumar1488
    @avadheshkumar1488 4 года назад +1

    Thanks

  • @ex.martian
    @ex.martian 5 лет назад +1

    Thanks!

  • @itsnotif.itswhen
    @itsnotif.itswhen 4 года назад +1

    thank you!!!