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Bounds on the Opportunity Cost of Neglecting Reoptimization in Mathematical Programming

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  • Osman Ou{g}uz

    (Department of Industrial Engineering, Bilkent University, 06533 Ankara, Turkey)

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.

Suggested Citation

  • Osman Ou{g}uz, 2000. "Bounds on the Opportunity Cost of Neglecting Reoptimization in Mathematical Programming," Management Science, INFORMS, vol. 46(7), pages 1009-1012, July.
    • Handle: RePEc:inm:ormnsc:v:46:y:2000:i:7:p:1009-1012
    DOI: 10.1287/mnsc.46.7.1009.12041
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    References listed on IDEAS

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    1. P. L. Yuf & M. Zeleny, 1976. "Linear Multiparametric Programming by Multicriteria Simplex Method," Management Science, INFORMS, vol. 23(2), pages 159-170, October.
    2. Richard E. Wendell, 1985. "The Tolerance Approach to Sensitivity Analysis in Linear Programming," Management Science, INFORMS, vol. 31(5), pages 564-578, May.
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