Bounds on the Opportunity Cost of Neglecting Reoptimization in Mathematical Programming

Osman O\u{g}uz ()
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Osman O\u{g}uz: Department of Industrial Engineering, Bilkent University, 06533 Ankara, Turkey

Management Science, 2000, vol. 46, issue 7, 1009-1012

Abstract: Postoptimality or sensitivity analysis are well-developed subjects in almost all branches of mathematical programming. In this note, we propose a simple formula which can be used to get preliminary bounds on the value of this type of analysis for a specific class of mathematical programming problems. We also show that our bounds are tight.

Keywords: sensitivity analysis; tolerance limits; worst-case Analysis (search for similar items in EconPapers)
Date: 2000
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