The shadow price is the same as the dual price in maximization problems.

Question

Quizplus · Accepted Answer

The statement is true. In linear programming, the shadow price represents the increase in the objective function value for each unit increase in the right-hand side of a constraint, and the dual price represents the decrease in the objective function value for each unit increase in the corresponding dual variable. In a maximization problem, the shadow price is calculated using the corresponding dual variable, which is also the dual price. Therefore, the shadow price and the dual price in maximization problems are the same.

The Shadow Price Is the Same as the Dual Price