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The Tolerance Approach to Sensitivity Analysis in Linear Programming

Author

Listed:
  • Richard E. Wendell

    (Graduate School of Business, University of Pittsburgh, Pittsburgh, Pennsylvania 15260)

Abstract

In constrast to "ordinary" sensitivity analysis in linear programming, the tolerance approach considers simultaneous and independent changes in the objective function coefficients and in the right-hand side terms. This approach yields a maximum tolerance percentage such that, as long as selected coefficients or terms are accurate to within that percentage of their estimated values, the same basis is optimal. In particular, if the objective function coefficients are accurate to within the maximum tolerance percentage of their specified values, then the same solution is optimal.

Suggested Citation

  • Richard E. Wendell, 1985. "The Tolerance Approach to Sensitivity Analysis in Linear Programming," Management Science, INFORMS, vol. 31(5), pages 564-578, May.
    • Handle: RePEc:inm:ormnsc:v:31:y:1985:i:5:p:564-578
    DOI: 10.1287/mnsc.31.5.564
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